Dover Motorsports (NYSE:DVD) Stock Price Passes Above 200-Day Moving Average of $2.03
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.
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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