USA Today (NYSE:TDAY) Shares Cross Above 50 Day Moving Average – Here’s What Happened

Shares of USA Today Co. (NYSE:TDAY) crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $6.65 and traded as high as $7.13. USA Today shares last traded at $7.04, with a volume of 1,452,095 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TDAY shares. Citigroup restated a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Wall Street Zen cut USA Today from a “buy” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings cut USA Today from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, September 9th. Rosenblatt Securities reissued a “buy” rating and set a $10.00 price objective on shares of USA Today in a research report on Friday, August 7th. Finally, Citizens Jmp upped their price target on shares of USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 14th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $9.03.

USA Today Stock Performance

The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -23.57 and a beta of 1.40. The company has a debt-to-equity ratio of 5.74, a current ratio of 0.81 and a quick ratio of 0.78. The stock has a 50-day moving average price of $6.66 and a 200-day moving average price of $7.43.

Institutional Investors Weigh In On USA Today

Large investors have recently modified their holdings of the stock. KBC Group NV purchased a new position in shares of USA Today during the 1st quarter valued at about $31,000. State of Alaska Department of Revenue raised its position in shares of USA Today by 32.9% during the 3rd 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 during the period. Integrated Wealth Concepts LLC purchased a new position in shares of USA Today in the second quarter valued at $48,000. Public Employees Retirement System of Ohio bought a new stake in shares of USA Today in the 2nd quarter worth about $62,000. Finally, Verus Capital Partners LLC bought a new stake in shares of USA Today during the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 76.71% of the company’s stock.

USA Today Company Profile

USA TODAY is a national news and media brand owned by Gannett Co, Inc It publishes news and analysis through its website, mobile applications and print newspaper, covering national and international events as well as politics, sports, business, entertainment, lifestyle and consumer topics.

Founded in 1982, USA TODAY was developed as a broadly accessible national newspaper and has expanded into a digital-first media operation. Its content is distributed through online articles, video, podcasts, newsletters and other digital formats, in addition to its print edition.

USA TODAY also operates within Gannett’s broader network of local newspapers and digital publications, serving readers across the United States.