DallasNews (NASDAQ:DALN) Stock Price Down 0.7% – Should You Sell?

DallasNews Co. (NASDAQ:DALN) fell 0.7% during trading on Friday . The company traded as low as $6.93 and last traded at $7.10. 48,099 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 50,683 shares. The stock had previously closed at $7.15.

DallasNews Price Performance

The business has a 50-day moving average price of $5.84 and a two-hundred day moving average price of $4.76. The firm has a market cap of $38.00 million, a PE ratio of -6.34 and a beta of 0.53.

Institutional Inflows and Outflows

An institutional investor recently raised its position in DallasNews stock. Cambiar Investors LLC lifted its holdings in shares of DallasNews Co. (NASDAQ:DALN) by 52.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,084 shares of the company’s stock after purchasing an additional 16,167 shares during the period. Cambiar Investors LLC owned 0.88% of DallasNews worth $197,000 as of its most recent filing with the SEC. 27.19% of the stock is currently owned by institutional investors.

DallasNews Company Profile

DallasNews Corporation, together with its subsidiaries, publishes and sells newspapers in Texas. The company operates The Dallas Morning News, a newspaper; dallasnews.com a digital platform; The News, a metropolitan newspaper; and Al Dia, an online Spanish-language newspapers. It also offers digital advertising and marketing services, such as strategic marketing services, consulting, branding, paid media strategy and management, creative services, search optimization, direct mail, and sale of promotional materials, as well as provides multi-channel marketing solutions through subscription sales of the company's cloud-based software.