Rave Restaurant Group (NASDAQ:RAVE) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Rave Restaurant Group, Inc. (NASDAQ:RAVE) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.86 and traded as high as $3.13. Rave Restaurant Group shares last traded at $3.02, with a volume of 45,068 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Rave Restaurant Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Rave Restaurant Group Trading Up 1.0%

The stock’s 50-day moving average price is $3.04 and its 200-day moving average price is $2.86. The company has a market capitalization of $42.92 million, a P/E ratio of 15.90 and a beta of 0.45.

Rave Restaurant Group (NASDAQ:RAVE) last announced its quarterly earnings data on Thursday, November 6th. The restaurant operator reported $0.05 earnings per share for the quarter. The business had revenue of $3.21 million during the quarter. Rave Restaurant Group had a net margin of 22.44% and a return on equity of 19.80%.

Institutional Trading of Rave Restaurant Group

Several hedge funds have recently made changes to their positions in RAVE. Evergreen Capital Management LLC acquired a new position in Rave Restaurant Group during the 2nd quarter valued at approximately $56,000. Militia Capital Partners LP bought a new stake in Rave Restaurant Group in the first quarter valued at $30,000. Finally, Watchman Group Inc. boosted its holdings in shares of Rave Restaurant Group by 5.6% during the first quarter. Watchman Group Inc. now owns 182,800 shares of the restaurant operator’s stock valued at $503,000 after acquiring an additional 9,700 shares during the period. Institutional investors own 15.12% of the company’s stock.

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.