Loungers (LON:LGRS) Hits New 1-Year Low at $200.00

Loungers plc (LON:LGRS) hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 200 ($2.61) and last traded at GBX 201.99 ($2.64), with a volume of 321 shares trading hands. The stock had previously closed at GBX 204 ($2.67).

LGRS has been the subject of several analyst reports. Liberum Capital reaffirmed a “buy” rating on shares of Loungers in a report on Wednesday, June 12th. Peel Hunt reaffirmed a “buy” rating on shares of Loungers in a report on Thursday, June 13th.

The company has a market capitalization of $188.70 million and a price-to-earnings ratio of -1.19. The firm’s fifty day simple moving average is GBX 210.91.

About Loungers (LON:LGRS)

Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brands in England and Wales. It operates 146 cafés, bars, and restaurants. The company was founded in 2002 and is headquartered in Bristol, the United Kingdom.

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