Cosi Inc. (COSI) 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 COSI have tacked on 3.21% to $0.18 after closing the day prior at $0.17. In the first two and a half hours of trading, the stock has gone as high as $0.18 and as low as $0.17. Today’s rise has come with about 2.02 million shares changing hands, compared to an average 30-day volume of 3.67 million for Cosi Inc.. The price is currently below the 30-day volume weighted average price of $0.17 for COSI.
The share appreciation gives the company a market capitalization of $8.25 million based upon 48.15 million shares outstanding. It also means that COSI has a price-to-book ratio of 0.72:1.
In the past 52 weeks, shares of COSI have traded as low as $0.1593 and as high as $1.08. Technical traders will take note that at $0.18, shares of COSI are trading below their 200-day MA at $0.52 and below their 50-day MA at $0.23. 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 COSI?
Cosi Inc owns, operates, and franchises fast-casual dining restaurants which sell high-quality, made-to-order sandwiches, salads, bowls, and coffees, along with soft drink beverages, teas, baked goods and alcoholic beverages. The company’s 1725 employees are led by CEO Patrick Bennett from the corporate headquarters at 294 Washington Street in Boston, MA.
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