DallasNews Co. (NASDAQ:DALN – Get Free Report)’s stock price was down 6.2% during mid-day trading on Wednesday . The company traded as low as $5.60 and last traded at $5.62. Approximately 15,181 shares traded hands during trading, a decline of 61% from the average daily volume of 39,077 shares. The stock had previously closed at $5.99.
DallasNews Trading Down 6.2 %
The stock’s 50-day moving average is $4.50 and its 200-day moving average is $4.01. The stock has a market cap of $30.08 million, a price-to-earnings ratio of -8.65 and a beta of 0.69.
DallasNews (NASDAQ:DALN – Get Free Report) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.27 earnings per share (EPS) for the quarter. DallasNews had a negative net margin of 2.68% and a negative return on equity of 110.67%. The company had revenue of $32.06 million during the quarter.
Insider Activity at DallasNews
Institutional Trading of DallasNews
A hedge fund recently raised its stake in DallasNews stock. Cambiar Investors LLC increased its position in DallasNews Co. (NASDAQ:DALN – Free Report) by 184.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,917 shares of the company’s stock after purchasing an additional 20,066 shares during the quarter. Cambiar Investors LLC owned 0.58% of DallasNews worth $111,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 27.19% of the company’s stock.
About DallasNews
DallasNews Corporation, together with its subsidiaries, publishes and sells newspapers in Texas. The company operates The Dallas Morning News, a newspaper; dallasnews.com a digital platform; The News, a metropolitan newspaper; and Al Dia, an online Spanish-language newspapers. It also offers digital advertising and marketing services, such as strategic marketing services, consulting, branding, paid media strategy and management, creative services, search optimization, direct mail, and sale of promotional materials, as well as provides multi-channel marketing solutions through subscription sales of the company's cloud-based software.
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