Rave Restaurant Group (NASDAQ:RAVE) Shares Pass Above Two Hundred Day Moving Average of $2.20

Rave Restaurant Group Inc (NASDAQ:RAVE)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.20 and traded as high as $2.59. Rave Restaurant Group shares last traded at $2.59, with a volume of 2,693 shares traded.

Separately, ValuEngine downgraded Rave Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th.

The stock has a 50 day moving average price of $2.58 and a 200 day moving average price of $2.20. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.17 and a current ratio of 2.17.

About Rave Restaurant Group (NASDAQ:RAVE)

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. It operates in Pizza Inn Franchising, Pie Five Franchising, and Company-Owned Restaurants segments. The company's buffet restaurants are located in free standing buildings or strip centers in retail developments that offer dine-in, carryout, and catering services, as well as delivery services.

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