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