Dover Motorsports, Inc. (NYSE:DVD) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a note issued to investors on Friday.

Dover Motorsports (DVD) remained flat at $1.95 during mid-day trading on Friday. The company’s stock had a trading volume of 228 shares. The firm’s 50-day moving average is $2.06 and its 200-day moving average is $2.08. The company has a market cap of $71.94 million, a price-to-earnings ratio of 18.57 and a beta of 0.46. Dover Motorsports has a 12 month low of $1.80 and a 12 month high of $2.45.

Dover Motorsports (NYSE:DVD) last released its quarterly earnings results on Thursday, October 26th. The company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $2.74 million for the quarter. Dover Motorsports had a net margin of 8.30% and a return on equity of 8.01%. On average, equities analysts anticipate that Dover Motorsports will post $0.13 EPS for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Clark Estates Inc. NY grew its stake in shares of Dover Motorsports by 28.1% during the 2nd quarter. Clark Estates Inc. NY now owns 962,786 shares of the company’s stock valued at $2,022,000 after purchasing an additional 211,294 shares during the period. ZPR Investment Management bought a new stake in shares of Dover Motorsports during the 2nd quarter valued at about $152,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Dover Motorsports during the 2nd quarter valued at about $347,000. Finally, Renaissance Technologies LLC grew its stake in shares of Dover Motorsports by 0.3% during the 1st quarter. Renaissance Technologies LLC now owns 376,400 shares of the company’s stock valued at $828,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds own 25.06% of the company’s stock.

Dover Motorsports Company Profile

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.

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