Shares of DallasNews Co. (NASDAQ:DALN – Get Free Report) were down 0.7% on Friday . The company traded as low as $6.93 and last traded at $7.10. Approximately 48,099 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 50,683 shares. The stock had previously closed at $7.15.
DallasNews Stock Down 0.7 %
The business has a fifty day simple moving average of $5.84 and a two-hundred day simple moving average of $4.76. The company has a market capitalization of $38.00 million, a price-to-earnings ratio of -6.34 and a beta of 0.53.
Institutional Trading of DallasNews
An institutional investor recently raised its position in DallasNews stock. Cambiar Investors LLC grew its stake in DallasNews Co. (NASDAQ:DALN – Free Report) by 52.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,084 shares of the company’s stock after acquiring an additional 16,167 shares during the period. Cambiar Investors LLC owned 0.88% of DallasNews worth $197,000 at the end of the most recent reporting period. 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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