DallasNews (NASDAQ:DALN) Trading 0.7% Higher – Here’s Why

DallasNews Co. (NASDAQ:DALN) shares traded up 0.7% during mid-day trading on Monday . The company traded as high as $6.98 and last traded at $6.97. 29,275 shares traded hands during trading, an increase of 8% from the average session volume of 27,051 shares. The stock had previously closed at $6.92.

DallasNews Trading Up 0.7 %

The stock’s 50-day moving average is $6.32 and its 200-day moving average is $5.16. The stock has a market cap of $37.29 million, a price-to-earnings ratio of -6.22 and a beta of 0.52.

DallasNews (NASDAQ:DALN) last posted its earnings results on Tuesday, November 12th. The company reported ($0.73) earnings per share (EPS) for the quarter. The business had revenue of $31.14 million for the quarter. DallasNews had a negative return on equity of 330.08% and a negative net margin of 4.71%.

Hedge Funds Weigh In On DallasNews

A hedge fund recently raised its stake in DallasNews stock. Renaissance Technologies LLC boosted its stake in DallasNews Co. (NASDAQ:DALN) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,739 shares of the company’s stock after acquiring an additional 4,800 shares during the quarter. Renaissance Technologies LLC owned about 3.68% of DallasNews worth $706,000 at the end of the most recent reporting period. 27.19% of the stock is owned by institutional investors and hedge funds.

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.