EVINE Live Inc. (EVLV) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the services sector during morning trading on September 23. At the lunch break, shares of EVLV have tacked on 3.03% to $2.38 after closing the day prior at $2.31. In the first two and a half hours of trading, the stock has gone as high as $2.4 and as low as $2.31. Today’s rise has come with about 101,143 shares changing hands, compared to an average 30-day volume of 239,627 for EVINE Live Inc.. The price is currently below the 30-day volume weighted average price of $2.38 for EVLV.
The share appreciation gives the company a market capitalization of $132.44 million based upon 57.34 million shares outstanding. It also means that EVLV has a price-to-book ratio of 1.87:1.
In the past 52 weeks, shares of EVLV have traded as low as $0.411 and as high as $3.165. Technical traders will take note that at $2.38, shares of EVLV are trading above their 200-day MA at $1.43 and above their 50-day MA at $1.87. 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 EVLV?
EVINE Live Inc is a digital commerce company. It operates ShopHQ, a 24/7 interactive digital shopping and entertainment company. The company’s 1300 employees are led by CEO Robert Rosenblatt from the corporate headquarters at 6740 Shady Oak Road in Eden Prairie, MN.
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