RAVE Restaurant Group (NASDAQ:RAVE) Share Price Passes Above Two Hundred Day Moving Average of $1.11

RAVE Restaurant Group, Inc. (NASDAQ:RAVEGet Rating) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.11 and traded as high as $1.28. RAVE Restaurant Group shares last traded at $1.20, with a volume of 97,534 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on RAVE Restaurant Group in a research note on Saturday. They issued a “buy” rating on the stock.

RAVE Restaurant Group Stock Performance

The stock has a market capitalization of $21.60 million, a P/E ratio of 10.00 and a beta of 0.66. The firm has a 50-day moving average price of $1.29 and a 200 day moving average price of $1.11.

Hedge Funds Weigh In On RAVE Restaurant Group

An institutional investor recently raised its position in RAVE Restaurant Group stock. Virtu Financial LLC grew its position in shares of RAVE Restaurant Group, Inc. (NASDAQ:RAVEGet Rating) by 166.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,144 shares of the restaurant operator’s stock after purchasing an additional 41,918 shares during the quarter. Virtu Financial LLC owned approximately 0.37% of RAVE Restaurant Group worth $72,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.55% of the company’s stock.

RAVE Restaurant Group Company Profile

(Get Rating)

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 in the United States and internationally. It operates through three segments: Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants.

Further Reading

Receive News & Ratings for RAVE Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RAVE Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.