Rave Restaurant Group (NASDAQ:RAVE) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.07 and traded as high as $2.91. Rave Restaurant Group shares last traded at $2.82, with a volume of 57,299 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Rave Restaurant Group in a report on Tuesday, November 12th. They set a “buy” rating for the company.

Rave Restaurant Group Price Performance

The company has a market cap of $41.48 million, a price-to-earnings ratio of 15.67 and a beta of 0.51. The firm has a 50-day moving average price of $2.48 and a 200 day moving average price of $2.07.

Rave Restaurant Group (NASDAQ:RAVE) last released its quarterly earnings results on Thursday, September 26th. The restaurant operator reported $0.06 earnings per share (EPS) for the quarter. The business had revenue of $3.36 million during the quarter. Rave Restaurant Group had a return on equity of 21.37% and a net margin of 21.49%.

Institutional Trading of Rave Restaurant Group

An institutional investor recently bought a new position in Rave Restaurant Group stock. Juncture Wealth Strategies LLC purchased a new stake in Rave Restaurant Group, Inc. (NASDAQ:RAVE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,132 shares of the restaurant operator’s stock, valued at approximately $49,000. Juncture Wealth Strategies LLC owned approximately 0.17% of Rave Restaurant Group at the end of the most recent quarter. 15.12% of the stock is owned by institutional investors and hedge funds.

Rave Restaurant Group Company Profile

Rave Restaurant Group, Inc, together with its subsidiaries, engages in the operation and franchising of pizza buffet, delivery/carry-out (delco), and express restaurants under the Pizza Inn and Pie Five trademarks in the United States and internationally. The company operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.