Lee Enterprises (NYSE:LEE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Lee Enterprises, Incorporated (NYSE:LEE) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

Lee Enterprises Stock Performance

The firm has a market capitalization of $80.90 million, a PE ratio of -3.00 and a beta of 1.07. The company has a debt-to-equity ratio of 69.34, a current ratio of 0.85 and a quick ratio of 0.80. The company’s fifty day simple moving average is $14.70 and its 200 day simple moving average is $12.66.

Institutional Investors Weigh In On Lee Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of LEE. Wittenberg Investment Management Inc. raised its stake in Lee Enterprises by 13.7% in the third quarter. Wittenberg Investment Management Inc. now owns 121,755 shares of the company’s stock valued at $1,060,000 after purchasing an additional 14,715 shares in the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in Lee Enterprises in the fourth quarter valued at approximately $214,000. Finally, Truist Financial Corp purchased a new stake in Lee Enterprises in the fourth quarter valued at approximately $3,251,000. 39.20% of the stock is owned by hedge funds and other institutional investors.

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.