Worth Watching News for Traders: RAVE Restaurant Group (NASDAQ:RAVE)

Sarah Gleason

 RAVE Restaurant Group (NASDAQ:RAVE) changed -2.48% to recent value of $2.76. The stock transacted 85750 shares during most recent day however it has an average volume of 54.28K shares. It spotted trading -23.33% off 52-week high price. On the other end, the stock has been noted 331.25% away from the low price over the last 52-weeks.

 On Sept. 27, 2019, RAVE Restaurant Group (NASDAQ:RAVE) the parent company for Pizza Inn and Pie Five Pizza Co., reported that it will host a conference call to discuss its fourth quarter and fiscal year 2019 financial results on Sept. 30.

Bob Bafundo, President of Rave Restaurant Group, will be hosting the call. A press release with fourth quarter and fiscal 2019 financial results will be issued before the market opens that same day.

 RAVE has a gross margin of 92.30% and an operating margin of 2.00% while its profit margin remained 28.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained 114.30% for this year while earning per share for the next 5-years is expected to reach at 10.00%.

 The company has 15.47M of outstanding shares and 13.04M shares were floated in the market. According to the most recent quarter its current ratio was 2.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of 7.04% from the mean of 20 days, 7.14% from mean of 50 days SMA and performed 42.23% from mean of 200 days price. Company’s performance for the week was 1.85%, 10.40% for month and YTD performance remained 214.53%.

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