ValuEngine downgraded shares of Dover Motorsports (NYSE:DVD) from a hold rating to a sell rating in a report issued on Thursday, ValuEngine reports.

Separately, TheStreet downgraded shares of Dover Motorsports from a b- rating to a c+ rating in a report on Thursday, May 30th.

NYSE:DVD remained flat at $$2.01 during mid-day trading on Thursday. 6,626 shares of the company traded hands, compared to its average volume of 15,862. The company has a market capitalization of $73.66 million, a PE ratio of 16.75 and a beta of 0.17. Dover Motorsports has a one year low of $1.85 and a one year high of $2.25. The company’s 50 day simple moving average is $2.00.

Dover Motorsports (NYSE:DVD) last issued its quarterly earnings results on Thursday, July 25th. The company reported $0.15 EPS for the quarter. The company had revenue of $24.84 million for the quarter. Dover Motorsports had a net margin of 9.54% and a return on equity of 7.05%.

Large investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan bought a new position in Dover Motorsports during the 4th quarter valued at about $311,000. Gabelli Funds LLC grew its stake in Dover Motorsports by 8.5% in the 2nd quarter. Gabelli Funds LLC now owns 251,751 shares of the company’s stock worth $524,000 after acquiring an additional 19,751 shares in the last quarter. Finally, Eidelman Virant Capital grew its stake in Dover Motorsports by 3.0% in the 1st quarter. Eidelman Virant Capital now owns 848,876 shares of the company’s stock worth $1,714,000 after acquiring an additional 24,876 shares in the last quarter. Institutional investors own 23.12% of the company’s stock.

Dover Motorsports Company Profile

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

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