RLJ Entertainment Inc. (RLJE) 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 RLJE have tacked on 3.37% to $2.15 after closing the day prior at $2.08. In the first two and a half hours of trading, the stock has gone as high as $2.19 and as low as $2.09. Today’s rise has come with about 6,183 shares changing hands, compared to an average 30-day volume of 252,393 for RLJ Entertainment Inc.. The price is currently below the 30-day volume weighted average price of $2.15 for RLJE.
The share appreciation gives the company a market capitalization of $10.52 million based upon 5.06 million shares outstanding. It also means that RLJE has a price-to-book ratio of 0.71:1.
In the past 52 weeks, shares of RLJE have traded as low as $1.35 and as high as $4.44. Technical traders will take note that at $2.15, shares of RLJE are trading above their 200-day MA at $1.91 and above their 50-day MA at $2.11. 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 RLJE?
RLJ Entertainment Inc is an entertainment company with a direct presence in North America, the United Kingdom and Australia and strategic sublicense and distribution relationships covering Europe, Asia and Latin America. The company’s 114 employees are led by CEO Miguel Penella from the corporate headquarters at 8515 Georgia Avenue in Silver Spring, MD.
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