ValuEngine Upgrades Dover Motorsports (DVD) to “Buy”

Dover Motorsports (NYSE:DVD) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other equities analysts have also commented on the stock. TheStreet lowered shares of Dover Motorsports from a “b-” rating to a “c” rating in a research report on Friday, October 27th. Gabelli reiterated a “buy” rating on shares of Dover Motorsports in a research report on Friday.

Dover Motorsports (NYSE DVD) traded down $0.03 during mid-day trading on Tuesday, hitting $1.97. 10,309 shares of the stock were exchanged, compared to its average volume of 16,190. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.31 and a quick ratio of 1.31. Dover Motorsports has a one year low of $1.80 and a one year high of $2.45. The company has a market capitalization of $69.02, a price-to-earnings ratio of 8.95 and a beta of 0.53.

Dover Motorsports (NYSE:DVD) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.08 EPS for the quarter. Dover Motorsports had a net margin of 18.03% and a return on equity of 7.48%. The company had revenue of $18.31 million during the quarter.

A hedge fund recently raised its stake in Dover Motorsports stock. Eidelman Virant Capital raised its stake in shares of Dover Motorsports, Inc. (NYSE:DVD) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 754,500 shares of the company’s stock after purchasing an additional 60,500 shares during the quarter. Eidelman Virant Capital owned 2.05% of Dover Motorsports worth $1,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 25.04% of the stock is currently owned by institutional investors.

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About Dover Motorsports

Dover Motorsports, Inc is a marketer and promoter of motorsports entertainment in the United States. The Company, through its subsidiaries, owns and operates Dover International Speedway in Dover, Delaware, and Nashville Superspeedway near Nashville, Tennessee. The Dover International Speedway is located in Dover, Delaware, on approximately 770 acres of land.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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