Loungers (LON:LGRS) Shares Up 29.3% – Here’s What Happened

Loungers plc (LON:LGRSGet Free Report) shares shot up 29.3% on Thursday . The stock traded as high as GBX 310 ($3.93) and last traded at GBX 307.85 ($3.90). 558,787 shares traded hands during mid-day trading, an increase of 451% from the average session volume of 101,408 shares. The stock had previously closed at GBX 238 ($3.02).

Loungers Stock Performance

The stock has a market capitalization of £319.86 million, a P/E ratio of 2,644.44, a PEG ratio of 0.99 and a beta of 1.56. The firm has a 50-day moving average of GBX 254.80 and a 200 day moving average of GBX 269.42. The company has a quick ratio of 0.44, a current ratio of 0.26 and a debt-to-equity ratio of 109.36.

Loungers Company Profile

(Get Free Report)

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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