Loungers (LON:LGRS) Reaches New 52-Week High at $256.00

Loungers plc (LON:LGRS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 256 ($3.22) and last traded at GBX 250 ($3.14), with a volume of 26848 shares trading hands. The stock had previously closed at GBX 246 ($3.09).

Analyst Ratings Changes

Separately, Shore Capital reiterated a “buy” rating on shares of Loungers in a research note on Wednesday.

Loungers Stock Performance

The firm has a market cap of £259.38 million, a PE ratio of 3,571.43, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50. The company has a quick ratio of 0.44, a current ratio of 0.19 and a debt-to-equity ratio of 109.07. The business has a 50 day simple moving average of GBX 213.19 and a two-hundred day simple moving average of GBX 213.64.

About Loungers

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.