USA Today (NYSE:TDAY) Stock Price Breaks Above 50-Day Moving Average – Time to Sell?

Shares of USA Today Co. (NYSE:TDAY) passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $6.59 and traded as high as $6.87. USA Today shares last traded at $6.85, with a volume of 4,069,600 shares changing hands.

Analyst Upgrades and Downgrades

TDAY has been the topic of a number of research analyst reports. Weiss Ratings downgraded USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. Wall Street Zen cut USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Citizens Jmp boosted their price target on USA Today from $8.00 to $10.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 14th. Citigroup upgraded USA Today from a “hold” rating to a “buy” rating and upped their price objective for the stock from $7.20 to $8.95 in a research report on Friday, November 6th. Finally, Rosenblatt Securities raised their price objective on USA Today from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, November 6th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

USA Today Stock Up 3.9%

The company has a market capitalization of $1.07 billion, a P/E ratio of -120.31 and a beta of 1.52. The company has a debt-to-equity ratio of 5.90, a quick ratio of 0.70 and a current ratio of 0.73. The firm’s fifty day moving average is $6.63 and its 200-day moving average is $7.08.

USA Today (NYSE:TDAY) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $519.24 million during the quarter. USA Today had a negative net margin of 0.26% and a negative return on equity of 1.05%.

Institutional Investors Weigh In On USA Today

Several hedge funds have recently modified their holdings of the company. Allworth Financial LP increased its holdings in USA Today by 71.2% in the 3rd quarter. Allworth Financial LP now owns 3,930 shares of the company’s stock worth $25,000 after purchasing an additional 1,635 shares in the last quarter. Sterling Capital Management LLC raised its position in USA Today by 842.3% in the third quarter. Sterling Capital Management LLC now owns 4,542 shares of the company’s stock valued at $29,000 after purchasing an additional 4,060 shares during the last quarter. KBC Group NV acquired a new stake in shares of USA Today during the first quarter valued at about $31,000. State of Alaska Department of Revenue boosted its stake in shares of USA Today by 32.9% during the third quarter. State of Alaska Department of Revenue now owns 5,979 shares of the company’s stock valued at $37,000 after purchasing an additional 1,481 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of USA Today during the second quarter valued at about $48,000. Institutional investors and hedge funds own 76.71% of the company’s stock.

USA Today Company Profile

USA TODAY Co. is a media company that produces national and local journalism across print and digital channels. Its brands include USA TODAY and a network of local news outlets, alongside websites, mobile apps, newsletters and other digital products. The company also provides marketing and advertising services and operates events and other audience-focused offerings. Its publishing operations serve communities across the United States and include Newsquest, a news publisher in the United Kingdom.