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

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Luby’s, Inc. (NYSE:LUB) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Separately, ValuEngine lowered Luby’s from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

The business has a 50-day simple moving average of $1.96 and a 200 day simple moving average of $1.54. The company has a current ratio of 0.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.45.

A hedge fund recently raised its stake in Luby’s stock. Citadel Advisors LLC raised its holdings in shares of Luby’s, Inc. (NYSE:LUB) by 94.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,064 shares of the restaurant operator’s stock after purchasing an additional 11,185 shares during the period. Citadel Advisors LLC owned 0.08% of Luby’s worth $25,000 at the end of the most recent reporting period. 35.59% of the stock is owned by hedge funds and other 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.

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