RLJ Entertainment Inc. (RLJE) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 4.31% to wrap the day at $2.18 after closing the day prior at $2.09. Throughout the trading session, shares of RLJE rose as high as $2.18 and dipped as low as $1.94. Today’s advance came with about 73,786 shares changing hands, compared to an average 30-day volume of 247,693 for RLJ Entertainment Inc.. The price is currently below the 30-day volume weighted average price of $2.06 for RLJE.
The share appreciation today gives the company a market capitalization of $10.57 million based upon 5.06 million shares outstanding. It also means that RLJE has a price-to-book ratio of 0.71:1.
In the past 52 weeks, shares of RLJE have traded as low as $1.35 and as high as $4.44. Technical traders will take note that at $2.18, shares of RLJE are trading above their 200-day MA at $1.91 and above their 50-day MA at $2.12. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is RLJE?
RLJ Entertainment Inc is an entertainment company with a direct presence in North America, the United Kingdom and Australia and strategic sublicense and distribution relationships covering Europe, Asia and Latin America. The company’s 114 employees are led by CEO Miguel Penella from the corporate headquarters at 8515 Georgia Avenue in Silver Spring, MD.
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