Loungers (LON:LGRS) Shares Down 0.6% – Time to Sell?

Loungers plc (LON:LGRSGet Free Report)’s share price fell 0.6% during trading on Wednesday . The company traded as low as GBX 236 ($3.04) and last traded at GBX 236.65 ($3.05). 40,350 shares were traded during mid-day trading, a decline of 58% from the average session volume of 96,725 shares. The stock had previously closed at GBX 238 ($3.06).

Loungers Stock Down 0.6 %

The business has a 50 day moving average price of GBX 265.70 and a 200 day moving average price of GBX 271.39. The firm has a market capitalization of £245.88 million, a P/E ratio of 2,629.44, a price-to-earnings-growth ratio of 0.99 and a beta of 1.56. The company has a debt-to-equity ratio of 109.36, a current ratio of 0.26 and a quick ratio of 0.44.

About Loungers

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Loungers plc operates cafés, bars, and restaurants under the Lounge and Cosy Club brand names in England and Wales. The company was founded in 2002 and is based in Bristol, the United Kingdom.

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