Ruby Tuesday Inc. Hits New 52-Week Low at $6.09 (RT)
Ruby Tuesday (NYSE:RT)’s share price reached a new 52-week low during trading on Friday, StockRatingsNetwork.com reports. The stock traded as low as $6.09 and last traded at $6.12, with a volume of 1,285,220 shares traded. The stock had previously closed at $6.26.
A number of analysts have recently weighed in on RT shares. Analysts at UBS AG downgraded shares of Ruby Tuesday from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday. Separately, analysts at Telsey Advisory Group cut their price target on shares of Ruby Tuesday from $8.00 to $6.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Finally, analysts at Raymond James downgraded shares of Ruby Tuesday from a “market perform” rating to an “underperform” rating in a research note to investors on Thursday. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $7.80.
Ruby Tuesday has a 52 week low of $6.09 and a 52 week high of $9.90. The stock has a 50-day moving average of $7.41 and a 200-day moving average of $8.45. The company’s market cap is $365.7 million.
Ruby Tuesday (NYSE:RT) last posted its quarterly earnings results on Wednesday, October 9th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.31. The company had revenue of $289.67 million for the quarter, compared to the consensus estimate of $298.60 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. Analysts expect that Ruby Tuesday will post $0.05 EPS for the current fiscal year.
Ruby Tuesday, Inc, including its wholly-owned subsidiaries, owns and operates Ruby Tuesday, Lime Fresh Mexican, GrillMarlin & Ray’s, and Wok Hay casual dining restaurants.
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