Shares of McClatchy Company (NYSE:MNI) were gapping down Thursday morning with an open price 10.5% lower than Wednesday's closing price. The stock closed at $1.91 yesterday and opened today's trading at $1.71.
NEW YORK ( TheStreet) -- Shares of McClatchy Company (NYSE: MNI) were gapping down Thursday morning with an open price 10.5% lower than Wednesday's closing price. The stock closed at $1.91 Wednesday and opened today's trading at $1.71. The average volume for McClatchy has been 726,600 shares per day over the past 30 days. McClatchy has a market cap of $71.5 million and is part of the services sector and media industry. Shares are down 59.1% year to date as of the close of trading on Wednesday. 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 3.6, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates McClatchy as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally weak debt management, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself. You can view the full McClatchy Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.