Noodles & Company (NDLS) lost ground during morning trading on September 22 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the services sector halfway through the trading day. At the lunch break, shares of NDLS have fallen 3.65% to $5.28 after closing the day prior at $5.48. So far, the stock has traded as high as $5.48 and as low as $5.25. Today’s decline has come with about 154,931 shares changing hands, compared to an average 30-day volume of 153,880 for Noodles & Company. The price is currently below the 30-day volume weighted average price of $5.36 for NDLS.
The share depreciation gives the company a market capitalization of $152.6 million based upon 27.85 million shares outstanding. It also means that NDLS has a price-to-book ratio of 1.92:1.
In the past 52 weeks, shares of NDLS have traded as low as $5.47 and as high as $14.9499. Technical traders will take note that at $5.28, shares of NDLS are trading below their 200-day MA at $10.13 and below their 50-day MA at $7.29. 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 NDLS?
Noodles & Co is a fast casual restaurant concept offering lunch and dinner. Its menu includes a variety of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers served on china. The company’s 10600 employees are led by CEO Dave Boennighausen from the corporate headquarters at 520 Zang Street in Broomfield, CO.
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