LSC Communications Inc (NYSE:LKSD) shares were up 5.6% during trading on Friday . The stock traded as high as $0.41 and last traded at $0.38, approximately 730,455 shares changed hands during mid-day trading. An increase of 18% from the average daily volume of 618,438 shares. The stock had previously closed at $0.36.
Separately, Zacks Investment Research lowered LSC Communications from a “hold” rating to a “strong sell” rating in a research report on Friday, November 22nd.
The stock has a 50 day simple moving average of $0.76 and a 200 day simple moving average of $2.20. The company has a quick ratio of 0.85, a current ratio of 1.16 and a debt-to-equity ratio of 5.04.
A number of hedge funds and other institutional investors have recently bought and sold shares of LKSD. Strs Ohio raised its holdings in LSC Communications by 61.0% during the second quarter. Strs Ohio now owns 138,600 shares of the company’s stock worth $508,000 after buying an additional 52,500 shares during the last quarter. Wedbush Securities Inc. increased its position in shares of LSC Communications by 83.3% during the second quarter. Wedbush Securities Inc. now owns 25,520 shares of the company’s stock worth $94,000 after acquiring an additional 11,600 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in shares of LSC Communications in the 2nd quarter worth about $70,000. One68 Global Capital LLC acquired a new stake in shares of LSC Communications in the 2nd quarter worth about $243,000. Finally, Bank of New York Mellon Corp lifted its position in LSC Communications by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,055,437 shares of the company’s stock valued at $3,873,000 after acquiring an additional 22,035 shares in the last quarter. 57.15% of the stock is owned by institutional investors and hedge funds.
LSC Communications Company Profile (NYSE:LKSD)
LSC Communications, Inc provides various traditional and digital print services, print-related services, and office products in the United States and internationally. It operates through Magazines, Catalogs and Logistics; Book; Office Products; and Other segments. The Magazines, Catalogs and Logistics segment produces magazines and catalogs, as well as provides logistics solutions to the company and other third parties.
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