Lee Enterprises (NYSE:LEE) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEEGet Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $4.79 and traded as high as $5.15. Lee Enterprises shares last traded at $5.08, with a volume of 42,552 shares traded.

Lee Enterprises Trading Up 6.9%

The company has a debt-to-equity ratio of 69.34, a quick ratio of 0.72 and a current ratio of 0.78. The business’s 50-day moving average price is $4.17 and its 200 day moving average price is $4.79. The company has a market cap of $31.81 million, a P/E ratio of -0.70 and a beta of 0.53.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LEE. Murphy Pohlad Asset Management LLC bought a new stake in Lee Enterprises in the 3rd quarter valued at $66,000. Teton Advisors LLC acquired a new position in shares of Lee Enterprises in the third quarter valued at $82,000. Jane Street Group LLC bought a new position in shares of Lee Enterprises in the second quarter valued at about $86,000. Royal Bank of Canada lifted its stake in shares of Lee Enterprises by 15,715.8% during the 1st quarter. Royal Bank of Canada now owns 29,101 shares of the company’s stock worth $302,000 after buying an additional 28,917 shares during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its stake in shares of Lee Enterprises by 20.1% during the 2nd quarter. Wittenberg Investment Management Inc. now owns 85,043 shares of the company’s stock worth $544,000 after buying an additional 14,262 shares during the last quarter. 39.20% of the stock is owned by institutional investors and hedge funds.

About Lee Enterprises

(Get Free Report)

Lee Enterprises, Inc is a publicly traded media company based in Davenport, Iowa, with a heritage dating back to 1890 when Alfred W. Lee acquired the Davenport Times-Democrat. Over the decades, the company has grown through acquisitions and organic expansion to become one of the largest regional news publishers in the United States. Lee Enterprises’ shares trade on the New York Stock Exchange under the ticker symbol LEE.

The company’s principal activities center on the production and distribution of local journalism across print and digital channels.

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