Shares of tronc Inc (NASDAQ:TRNC) saw an uptick in trading volume on Thursday . 105,400 shares were traded during trading, a decline of 28% from the previous session’s volume of 147,091 shares.The stock last traded at $20.29 and had previously closed at $21.55.
TRNC has been the subject of a number of research reports. Noble Financial cut shares of tronc from a “buy” rating to a “hold” rating in a report on Monday, February 5th. They noted that the move was a valuation call. ValuEngine upgraded shares of tronc from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of tronc from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub cut shares of tronc from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Sidoti initiated coverage on shares of tronc in a report on Wednesday, January 17th. They issued a “buy” rating and a $25.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. tronc has a consensus rating of “Buy” and an average target price of $21.50.
The company has a debt-to-equity ratio of 4.98, a current ratio of 1.57 and a quick ratio of 1.53. The stock has a market capitalization of $699.18, a price-to-earnings ratio of 29.31 and a beta of 1.74.
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tronc, Inc, formerly Tribune Publishing Company, is a media company. As of December 25, 2016, the Company operated over 150 titles in nine markets. Its portfolio of news and information brands are in markets, including Los Angeles and San Diego, California; Chicago, Illinois; Fort Lauderdale and Orlando, Florida; Baltimore, Maryland; Hartford, Connecticut; Allentown, Pennsylvania, and Newport News, Virginia.
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