Gannett Co. Inc. (GCI, Financial) experienced a significant stock price increase of 5.07%. The stock was trading at $5.70 per share with a trading volume of 622,433 shares and a turnover rate of 0.42%. The stock showed a price fluctuation of 4.98% amid active market conditions.
Recent financial reports reveal Gannett’s revenue at $640 million, net profit of $13.75 million, and earnings per share of $0.10. The company reported a gross profit of $210 million with a negative price-to-earnings ratio of -8.37. Among the four institutions that rated the stock, 50% recommended a buy, 25% a hold, and 25% suggested a sell.
In the publishing industry, where Gannett operates, the overall increase was 0.28%. Other notable stocks in this sector with significant gains include Lee Enterprises and Educational Development Corporation. Gannett recorded a turnover rate of 0.42%, alongside notable activity in related companies such as Dallasnews Corporation - Series A, which had a turnover rate of 0.33%.
Gannett Co. Inc. is a digital newspaper company in the U.S., offering local media and marketing solutions. Its primary revenue source is the Domestic Gannett Media segment, encompassing brands like USA TODAY and over 250 daily newspapers. The company also operates digital marketing services such as ReachLocal and WordStream, and hosts more than 350 events annually. Additionally, Gannett runs over 150 local media brands in the UK through Newsquest.
