Gannett (NYSE:GCI) hit a new 52-week high Wednesday as it is currently trading at $18.13, above its previous 52-week high of $18.05 with 1.1 million shares traded as of 10:20 a.m. ET. Average volume has been 3.9 million shares over the past 30 days.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Gannett (NYSE: GCI) hit a new 52-week high Wednesday as it is currently trading at $18.13, above its previous 52-week high of $18.05 with 1.1 million shares traded as of 10:20 a.m. ET. Average volume has been 3.9 million shares over the past 30 days. Gannett has a market cap of $4.1 billion and is part of the services sector and media industry. Shares are up 31.1% year to date as of the close of trading on Tuesday. Gannett Co., Inc. operates as a media and marketing solutions company in the United States and internationally. Its Publishing segment publishes 82 U.S. The company has a P/E ratio of 10.5, equal to the average media industry P/E ratio and below the S&P 500 P/E ratio of 17.7.
ACTIVE STOCK TRADERS: Get full access to Jim Cramer's thoughts for less than $3/week - sometimes before he says them on TV! Start with a 14-Day Free Trial.
TheStreet Ratings rates Gannett as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Gannett Ratings Report. See all 52-week high stocks or get investment ideas from our investment research center. FREE from Real Money's Jim Cramer: Winners and Losers Election 2012 - Steps to take NOW so you can profit no matter who is in charge! Free download now.