Luby’s (NYSE:LUB) Stock Price Passes Above 200 Day Moving Average of $1.54

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Luby’s, Inc. (NYSE:LUB)’s stock price crossed 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.

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

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

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