Luby’s, Inc. (NYSE:LUB) saw a large decline in short interest in 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. Currently, 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 16,400 shares, the days-to-cover ratio is currently 3.3 days.
LUB traded up $0.06 during midday trading on Friday, hitting $1.19. The company’s stock had a trading volume of 61,385 shares, compared to its average volume of 29,156. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.90 and a quick ratio of 0.78. The firm has a 50-day simple moving average of $1.23. Luby’s has a 52-week low of $0.99 and a 52-week high of $2.60.
Luby’s (NYSE:LUB) last posted its quarterly earnings results on Monday, April 22nd. The restaurant operator reported ($0.12) EPS for the quarter. The business had revenue of $74.42 million during 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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