Lee Enterprises (NYSE:LEE) Shares Break Above Fifty Day Moving Average – Time to Sell?

Lee Enterprises, Incorporated (NYSE:LEE) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $6.97 and traded as high as $7.06. Lee Enterprises shares last traded at $6.99, with a volume of 19,801 shares.

Lee Enterprises Stock Performance

The business has a fifty day moving average of $6.97 and a 200-day moving average of $8.01. The company has a market cap of $155.82 million, a PE ratio of -0.96 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 69.34.

Institutional Investors Weigh In On Lee Enterprises

Large investors have recently made changes to their positions in the business. Private Advisor Group LLC raised its holdings in shares of Lee Enterprises by 119.3% during the third quarter. Private Advisor Group LLC now owns 741,300 shares of the company’s stock valued at $5,152,000 after acquiring an additional 403,300 shares in the last quarter. State of Wyoming purchased a new stake in Lee Enterprises in the third quarter worth $287,000. NewEdge Advisors LLC bought a new stake in Lee Enterprises in the second quarter valued at $113,000. Cannell Capital LLC bought a new stake in Lee Enterprises in the second quarter valued at $3,085,367. Finally, BlackRock Inc. bought a new stake in Lee Enterprises in the second quarter valued at $3,259,000. 39.20% of the stock is currently owned by institutional investors.

Lee Enterprises Company Profile

Lee Enterprises, Inc. is a media company that publishes local newspapers and operates digital news and information platforms. Its products include daily and weekly newspapers, news websites, mobile applications, email newsletters, magazines and other specialty publications. The company also provides advertising, marketing and audience-engagement services to businesses and organizations. Lee serves communities primarily across the United States, with local media operations covering regional news, business, sports, government, lifestyle and other topics.