Dover Motorsports, Inc. (NYSE:DVD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.03 and traded as high as $2.05. Dover Motorsports shares last traded at $2.05, with a volume of 100 shares traded.

Several research firms have recently commented on DVD. TheStreet downgraded Dover Motorsports from a “b-” rating to a “c+” rating in a research note on Thursday, May 30th. ValuEngine downgraded Dover Motorsports from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

The firm has a 50 day moving average of $2.01 and a 200-day moving average of $2.03. The company has a market cap of $74.29 million, a P/E ratio of 16.92 and a beta of 0.16.

Dover Motorsports (NYSE:DVD) last issued its earnings results on Thursday, July 25th. The company reported $0.15 earnings per share (EPS) for the quarter. The company had revenue of $24.84 million for the quarter. Dover Motorsports had a return on equity of 6.93% and a net margin of 9.54%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Eidelman Virant Capital boosted its holdings in Dover Motorsports by 3.0% during the 1st quarter. Eidelman Virant Capital now owns 848,876 shares of the company’s stock valued at $1,714,000 after acquiring an additional 24,876 shares during the period. Gabelli Funds LLC boosted its holdings in Dover Motorsports by 8.5% during the 2nd quarter. Gabelli Funds LLC now owns 251,751 shares of the company’s stock valued at $524,000 after acquiring an additional 19,751 shares during the period. Paloma Partners Management Co purchased a new position in Dover Motorsports during the 2nd quarter valued at $30,000. Morgan Stanley boosted its holdings in Dover Motorsports by 857.6% during the 2nd quarter. Morgan Stanley now owns 14,555 shares of the company’s stock valued at $31,000 after acquiring an additional 13,035 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Dover Motorsports by 3.4% during the 2nd quarter. Renaissance Technologies LLC now owns 381,700 shares of the company’s stock valued at $794,000 after acquiring an additional 12,500 shares during the period. Institutional investors and hedge funds own 22.92% of the company’s stock.

About Dover Motorsports (NYSE:DVD)

Dover Motorsports, Inc markets and promotes motorsports entertainment in the United States. It owns and operates Dover International Speedway in Dover, Delaware; and Nashville Superspeedway near Nashville, Tennessee. The company was formerly known as Dover Downs Entertainment, Inc Dover Motorsports, Inc was founded in 1969 and is based in Dover, Delaware.

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