Speedway Motorsports Inc. Hits New 52-Week High at $19.91 (TRK)
Shares of Speedway Motorsports (NYSE:TRK) hit a new 52-week high during trading on Monday, Analyst Ratings Network reports. The stock traded as high as $19.91 and last traded at $19.77, with a volume of 14,094 shares trading hands. The stock had previously closed at $19.21.
A number of analysts have recently weighed in on TRK shares. Analysts at Zacks upgraded shares of Speedway Motorsports from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $18.30 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Speedway Motorsports from a “hold” rating to a “sell” rating in a research note to investors on Monday, August 26th. Finally, analysts at TheStreet downgraded shares of Speedway Motorsports from a “buy” rating to a “hold” rating in a research note to investors on Thursday, August 22nd.
Speedway Motorsports has a 1-year low of $15.12 and a 1-year high of $19.91. The stock has a 50-day moving average of $18.18 and a 200-day moving average of $18.2. The company’s market cap is $820.6 million.
Speedway Motorsports (NYSE:TRK) last released its earnings data on Wednesday, July 31st. The company reported $0.61 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.63 by $0.02. The company had revenue of $176.80 million for the quarter, compared to the consensus estimate of $181.80 million. On average, analysts predict that Speedway Motorsports will post $1.00 earnings per share for the current fiscal year.
Speedway Motorsports, Inc (NYSE:TRK) is a promoter, marketer and sponsor of motorsports activities in the United States.
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