Dover Motorsports (NYSE:DVD) Cut to “Sell” at ValuEngine
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.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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