Home / Market Movers / Early Loss of 3.21% for RLJ Entertainment Inc. (RLJE) on September 22 Drags on Services Sector

Early Loss of 3.21% for RLJ Entertainment Inc. (RLJE) on September 22 Drags on Services Sector

RLJ Entertainment Inc. (RLJE) started the trading day on a down note, making it one of the worst performing stocks in the services sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 22. Shares of RLJE have fallen 3.21% about 30 minutes into the session to $2.11 after closing the day prior at $2.18. It’s early, but the stock has traded as high as $2.11 and as low as $2.11 so far. Today’s quick decline has come with about 187 shares changing hands, compared to an average 30-day volume of 249,981 for RLJ Entertainment Inc.. The price is currently below the 30-day volume weighted average price of $2.11 for RLJE.

The share depreciation gives the company a market capitalization of $11.02 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 $2.11, shares of RLJE are trading above their 200-day MA at $1.91 and below 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 below them is typically regarded as bearish.

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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