Lee Enterprises (NYSE:LEE) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE)’s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $12.31 and traded as high as $14.94. Lee Enterprises shares last traded at $14.65, with a volume of 18,243 shares traded.

Wall Street Analysts Forecast Growth

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

Lee Enterprises Trading Down 1.3 %

The company has a debt-to-equity ratio of 69.34, a current ratio of 0.92 and a quick ratio of 0.87. The business’s 50-day moving average price is $16.44 and its two-hundred day moving average price is $12.32. The company has a market capitalization of $90.68 million, a P/E ratio of -3.36 and a beta of 1.02.

Insiders Place Their Bets

In other Lee Enterprises news, major shareholder Raghav Nath Bahl sold 71,000 shares of Lee Enterprises stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $15.00, for a total value of $1,065,000.00. Following the transaction, the insider now owns 30,205 shares of the company’s stock, valued at approximately $453,075. The trade was a 70.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 11.40% of the company’s stock.

Institutional Investors Weigh In On Lee Enterprises

A hedge fund recently raised its position in Lee Enterprises stock. Wittenberg Investment Management Inc. raised its position in Lee Enterprises, Incorporated (NYSE:LEE) by 13.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,755 shares of the company’s stock after purchasing an additional 14,715 shares during the quarter. Wittenberg Investment Management Inc. owned 1.97% of Lee Enterprises worth $1,060,000 at the end of the most recent reporting period. 39.20% of the stock is currently owned by institutional investors and hedge funds.

About Lee Enterprises

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.