Home / Market Movers / Services Sector Gets a Lift from 3.37% Morning Gain for RLJ Entertainment Inc. (RLJE) on September 23

Services Sector Gets a Lift from 3.37% Morning Gain for RLJ Entertainment Inc. (RLJE) on September 23

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.


For more information on RLJE and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

All data provided by QuoteMedia, with stock data accurate as of 12:00 PM ET. FinancialPress.com is not responsible for inaccuracies in third-party supplied information.

About FinancialPress.com

FinancialPress.com is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here. If you like this article, you can read more at FinancialPress.com

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of FinancialPress.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://financialpress.com/legal-disclaimer/.

Check Also

Sea Breeze Power Corp. (CDX:SBX:CA) Bolsters TSX Venture Utility Stocks, Rising 33.33% at Midday on September 28

Sea Breeze Power Corp. (CDX:SBX:CA) is amongst the strongest stocks in the utilities sector of …