Rave Restaurant Group (NASDAQ:RAVE) posted its earnings results on Wednesday. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, reports. Rave Restaurant Group had a negative net margin of 4.85% and a negative return on equity of 12.06%. The firm had revenue of $2.83 million during the quarter.
Rave Restaurant Group stock traded down $0.19 during mid-day trading on Friday, hitting $1.36. 97,015 shares of the company’s stock traded hands, compared to its average volume of 10,249. The firm has a 50 day moving average price of $1.65 and a 200 day moving average price of $2.20. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 1.00. The company has a market cap of $19.97 million, a PE ratio of -34.00 and a beta of 0.66. Rave Restaurant Group has a one year low of $1.05 and a one year high of $3.60.
Separately, ValuEngine upgraded Rave Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.
Rave Restaurant Group, Inc, together with its subsidiaries, operates and franchises pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn trademark. It operates in Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants segments. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services.
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