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Speedway Motorsports (NYSE:TRK) was downgraded by analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, American Banking and Market News reports.

The analysts wrote, “Speedway Motorsports (TRK) has been downgraded by TheStreet Ratings from buy to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself.”

Speedway Motorsports (NYSE:TRK) traded up 0.45% during mid-day trading on Wednesday, hitting $18.00. The stock had a trading volume of 8,761 shares. Speedway Motorsports has a 52-week low of $17.16 and a 52-week high of $20.75. The stock’s 50-day moving average is $19.11 and its 200-day moving average is $19.19. The company’s market cap is $744.9 million.

Speedway Motorsports (NYSE:TRK) last released its earnings data on Wednesday, March 5th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $82.20 million for the quarter, compared to the consensus estimate of $83.60 million. Analysts expect that Speedway Motorsports will post $1.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, June 6th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.35%.

Separately, analysts at EVA Dimensions downgraded shares of Speedway Motorsports from an “overweight” rating to a “hold” rating in a research note on Thursday, March 6th.

Speedway Motorsports, Inc (NYSE:TRK) is a promoter, marketer and sponsor of motorsports activities in the United States.

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