Luby’s (NYSE:LUB) Stock Crosses Above Two Hundred Day Moving Average of $1.54

Luby’s, Inc. (NYSE:LUB) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.54 and traded as high as $2.15. Luby’s shares last traded at $2.14, with a volume of 19,078 shares trading hands.

Separately, ValuEngine downgraded shares of Luby’s from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd.

The company’s 50 day moving average is $1.97 and its 200 day moving average is $1.55. The company has a quick ratio of 0.73, a current ratio of 0.83 and a debt-to-equity ratio of 0.45.

A hedge fund recently raised its stake in Luby’s stock. Citadel Advisors LLC boosted its holdings in shares of Luby’s, Inc. (NYSE:LUB) by 94.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,064 shares of the restaurant operator’s stock after acquiring an additional 11,185 shares during the period. Citadel Advisors LLC owned about 0.08% of Luby’s worth $25,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 35.59% of the stock is currently owned by institutional investors.

About Luby’s (NYSE:LUB)

Luby's, Inc provides restaurant services in the United States. It operates through three segments: Company-owned Restaurants, Franchise Operations, and Culinary Contract Services. The company operates casual dining restaurants; and offers culinary contract services, including contract arrangements to manage food services for healthcare clients, corporate dining clients, government buildings, and sports stadiums, as well as through retail grocery stores.

Read More: What is the significance of a dead cat bounce?

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