Shares of McClatchy Company (NYSE:MNI) 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.
NEW YORK ( TheStreet) -- Shares of McClatchy Company (NYSE: MNI) 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 services sector and media 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 hold. 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 McClatchy Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.