McClatchy Stock Soars (MNI)
NEW YORK (
) -- Shares of
(NYSE:
) have taken a tremendous swing upward. The stock is trading at $2.70 as of 10:50 a.m. ET, 20.5% above Monday's closing price of $2.24. Volume is at 1.6 million, 1.2 times the daily average of 1.3 million.
McClatchy has a market cap of $147.9 million and is part of the
sector and
industry. Shares are down 5.9% year to date as of the close of trading on Monday.
The McClatchy Company operates as a newspaper publisher in the United States. The company's newspapers include The Miami Herald, The Sacramento Bee, the Fort Worth Star-Telegram, The Kansas City Star, The Charlotte Observer, and The (Raleigh) News & Observer. The company has a P/E ratio of 7.2, below the average media industry P/E ratio of 7.4 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates McClatchy as a
. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and disappointing return on equity. You can view the full
.
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