USA Today (NYSE:TDAY) Shares Cross Below 50 Day Moving Average – What’s Next?

USA Today Co. (NYSE:TDAY) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $6.98 and traded as low as $6.26. USA Today shares last traded at $6.35, with a volume of 2,688,557 shares changing hands.

Analyst Ratings Changes

TDAY has been the topic of several research reports. Wall Street Zen lowered shares of USA Today from a “buy” rating to a “hold” rating in a research note on Monday, July 20th. Citizens Jmp lifted their target price on USA Today from $8.00 to $10.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered USA Today from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, September 9th. New Street Research set a $8.05 target price on USA Today in a report on Friday, June 5th. Finally, Citigroup reiterated a “neutral” rating on shares of USA Today in a research report on Monday, August 24th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $9.03.

USA Today Trading Up 0.1%

The firm’s 50-day simple moving average is $6.96 and its 200 day simple moving average is $7.39. The stock has a market cap of $1.04 billion, a P/E ratio of -23.57 and a beta of 1.40. The company has a current ratio of 0.81, a quick ratio of 0.78 and a debt-to-equity ratio of 5.74.

Institutional Trading of USA Today

Large investors have recently added to or reduced their stakes in the business. Two Seas Capital LP acquired a new position in shares of USA Today during the fourth quarter valued at $74,946,000. Alta Fundamental Advisers LLC acquired a new stake in USA Today in the fourth quarter worth about $58,346,000. BlackRock Inc. acquired a new stake in USA Today in the second quarter worth about $89,866,000. SG Americas Securities LLC bought a new position in USA Today in the 1st quarter valued at about $35,972,000. Finally, Bank of America Corp DE bought a new position in USA Today in the 2nd quarter valued at about $29,881,000. 76.71% of the stock is currently owned by institutional investors and hedge funds.

USA Today Company Profile

Gannett Co Inc invests in, owns, and operates local media assets in the United States. The company’s principal products include 125 daily newspapers with total paid circulation of approximately 1.4 million; 314 weekly newspapers with total paid circulation of approximately 315,000 and total free circulation of approximately 1.9 million; 124 shoppers with total circulation of approximately 3.0 million; and 538 locally-focused Websites, including Internet and mobile devices with approximately 224 million page views per month.