Lee Enterprises (NYSE:LEE) Shares Cross Above 200 Day Moving Average – What’s Next?

Lee Enterprises, Incorporated (NYSE:LEE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.64 and traded as high as $14.42. Lee Enterprises shares last traded at $13.02, with a volume of 53,109 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Lee Enterprises from a “buy” rating to a “hold” rating in a report on Wednesday, December 18th.

Lee Enterprises Trading Down 2.5 %

The stock’s 50 day moving average is $14.83 and its two-hundred day moving average is $12.64. The company has a market capitalization of $80.59 million, a PE ratio of -2.99 and a beta of 1.07. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 69.34.

Institutional Trading of Lee Enterprises

An institutional investor recently bought a new position in Lee Enterprises stock. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Lee Enterprises, Incorporated (NYSE:LEE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 14,457 shares of the company’s stock, valued at approximately $214,000. MassMutual Private Wealth & Trust FSB owned about 0.23% of Lee Enterprises as of its most recent filing with the Securities & Exchange Commission. 39.20% of the stock is owned by institutional investors.

Lee Enterprises Company Profile

Lee Enterprises, Incorporated provides local news and information, and advertising services in the United States. The company offers digital subscription platforms; daily, weekly, and monthly newspapers and niche publications; and web hosting and content management services. It also provides advertising and marketing services, such as audience extension, search engine optimization, search engine marketing, web and mobile production, social media services, and reputation monitoring and management.