News (NASDAQ:NWS) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

News Corporation (NASDAQ:NWS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.11 and traded as high as $32.66. News shares last traded at $32.54, with a volume of 1,082,974 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NWS. Weiss Ratings raised News from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Zacks Research raised News from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

News Stock Performance

The firm’s fifty day moving average is $30.04 and its 200 day moving average is $29.11. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 16.19 and a beta of 0.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.70 and a quick ratio of 1.59.

News (NASDAQ:NWS) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.07. News had a net margin of 12.92% and a return on equity of 6.12%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $2.12 billion. On average, analysts predict that News Corporation will post 0.96 EPS for the current fiscal year.

Institutional Trading of News

Institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC purchased a new position in News in the second quarter valued at about $30,000. ExodusPoint Capital Management LP purchased a new stake in shares of News during the 4th quarter worth about $37,000. Arax Advisory Partners purchased a new stake in shares of News during the 4th quarter worth about $47,000. Resona Asset Management Co. Ltd. lifted its holdings in shares of News by 69.0% during the 4th quarter. Resona Asset Management Co. Ltd. now owns 1,629 shares of the company’s stock valued at $49,000 after buying an additional 665 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of News by 74.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,056 shares of the company’s stock valued at $62,000 after buying an additional 878 shares in the last quarter. Institutional investors and hedge funds own 14.63% of the company’s stock.

News Company Profile

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.