Lee Enterprises (NYSE:LEE) Shares Cross Above 200 Day Moving Average – What’s Next?

Lee Enterprises, Incorporated (NYSE:LEE)’s share price passed 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.

Analysts Set New Price Targets

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 Down 2.5 %

The stock has a market capitalization of $80.59 million, a PE ratio of -2.99 and a beta of 1.07. The company has a current ratio of 0.85, a quick ratio of 0.80 and a debt-to-equity ratio of 69.34. The company’s 50-day moving average is $14.83 and its 200 day moving average is $12.64.

Hedge Funds Weigh In On Lee Enterprises

A hedge fund recently bought a new stake in Lee Enterprises stock. MassMutual Private Wealth & Trust FSB purchased a new position in Lee Enterprises, Incorporated (NYSE:LEE) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,457 shares of the company’s stock, valued at approximately $214,000. MassMutual Private Wealth & Trust FSB owned 0.23% of Lee Enterprises at the end of the most recent quarter. Hedge funds and other institutional investors own 39.20% of the company’s stock.

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.