The Finish Line Inc. (FINL) lost ground during morning trading on September 23 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 FINL have fallen 3.75% to $23.09 after closing the day prior at $23.99. So far, the stock has traded as high as $24.0 and as low as $22.3. Today’s decline has come with about 2.52 million shares changing hands, compared to an average 30-day volume of 907,015 for The Finish Line Inc.. The price is currently below the 30-day volume weighted average price of $23.2 for FINL.
The share depreciation gives the company a market capitalization of $994.3 million based upon 41.45 million shares outstanding. It also means that FINL has a price-to-book ratio of 1.93:1.
In the past 52 weeks, shares of FINL have traded as low as $15.37 and as high as $25.29. Technical traders will take note that at $23.09, shares of FINL are trading above their 200-day MA at $19.55 and above their 50-day MA at $22.79. 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 FINL?
Finish Line Inc is a mall-based specialty retailer in the United States, and operates two retail divisions under the Finish Line brand name Finish Line and Running Specialty Group. The company’s 14300 employees are led by CEO Samuel M. Sato from the corporate headquarters at 3308 N. Mitthoeffer Road in Indianapolis, IN.
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