Papa Murphy's Holdings Inc. (FRSH) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 22. At the lunch break, shares of FRSH have tacked on 3.48% to $6.55 after closing the day prior at $6.33. In the first two and a half hours of trading, the stock has gone as high as $6.58 and as low as $6.3. Today’s rise has come with about 38,963 shares changing hands, compared to an average 30-day volume of 170,700 for Papa Murphy's Holdings Inc.. The price is currently below the 30-day volume weighted average price of $6.48 for FRSH.
The share appreciation gives the company a market capitalization of $107.34 million based upon 16.96 million shares outstanding. It also means that FRSH has a price-to-book ratio of 1.07:1.
In the past 52 weeks, shares of FRSH have traded as low as $5.15 and as high as $17.85. Technical traders will take note that at $6.55, shares of FRSH are trading below their 200-day MA at $8.96 and above their 50-day MA at $6.32. 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 FRSH?
Papa Murphy's Holdings Inc is the franchisor and operator of Take 'N' Bake pizza chain in the United States. The Company operates in three business segments namely Domestic Franchise, Domestic Company Stores and International. The company’s 2101 employees are led by CEO Ken C. Calwell from the corporate headquarters at 8000 North East Parkway Drive in Vancouver, WA.
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