RetailMeNot Inc. (SALE) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 22. Shares of SALE have climbed 4.34% about 30 minutes into the session to $11.53 after closing the day prior at $11.05. It’s early, but the stock has traded as high as $11.59 and as low as $11.12 so far. Today’s quick advance has come with about 16,963 shares changing hands, compared to an average 30-day volume of 344,778 for RetailMeNot Inc.. The price is currently below the 30-day volume weighted average price of $11.43 for SALE.
The share appreciation gives the company a market capitalization of $537.88 million based upon 48.68 million shares outstanding. It also means that SALE has a price-to-book ratio of 1.13:1 and a price-to-earnings ratio of 65.3:1.
In the past 52 weeks, shares of SALE have traded as low as $5.52 and as high as $12.93. Technical traders will take note that at $11.53, shares of SALE are trading above their 200-day MA at $8.71 and above their 50-day MA at $10.41. 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 SALE?
RetailMeNot Inc is a digital savings destination connecting consumers with retailers, restaurants and brands, both online and in-store. The Company's products and services for consumers are available through its websites and mobile applications. The company’s 537 employees are led by CEO G. Cotter Cunningham from the corporate headquarters at 301 Congress Avenue.
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