Luby’s, Inc. (NYSE:LUB) Sees Significant Drop in Short Interest
Luby’s, Inc. (NYSE:LUB) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 53,400 shares, a decline of 42.7% from the May 30th total of 93,200 shares. Based on an average daily volume of 16,400 shares, the short-interest ratio is presently 3.3 days. Approximately 0.3% of the shares of the stock are short sold.
LUB stock traded down $0.02 during mid-day trading on Thursday, hitting $1.13. 13,300 shares of the stock were exchanged, compared to its average volume of 38,797. The firm’s fifty day simple moving average is $1.23. The company has a quick ratio of 0.78, a current ratio of 0.90 and a debt-to-equity ratio of 0.35. Luby’s has a 12 month low of $0.99 and a 12 month high of $2.66.
Luby’s (NYSE:LUB) last posted its quarterly earnings data on Monday, April 22nd. The restaurant operator reported ($0.12) earnings per share for the quarter. The firm had revenue of $74.42 million for the quarter. Luby’s had a negative net margin of 4.99% and a negative return on equity of 16.18%.
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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