Bravo Brio Restaurant Group Inc. (BBRG) 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 BBRG have tacked on 3.81% to $4.9 after closing the day prior at $4.72. In the first two and a half hours of trading, the stock has gone as high as $4.98 and as low as $4.72. Today’s rise has come with about 93,722 shares changing hands, compared to an average 30-day volume of 158,507 for Bravo Brio Restaurant Group Inc.. The price is currently below the 30-day volume weighted average price of $4.9 for BBRG.
The share appreciation gives the company a market capitalization of $68.83 million based upon 14.58 million shares outstanding. It also means that BBRG has a price-to-book ratio of 1.29:1.
In the past 52 weeks, shares of BBRG have traded as low as $4.35 and as high as $12.65. Technical traders will take note that at $4.9, shares of BBRG are trading below their 200-day MA at $7.45 and below their 50-day MA at $5.8. 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 BBRG?
Bravo Brio Restaurant Group, Inc. is the owner and operator of two Italian restaurant brands, BRAVO! Cucina Italiana (BRAVO!) and BRIO Tuscan Grille (BRIO). The company’s 9500 employees are led by CEO Brian O'Malley from the corporate headquarters at 777 Goodale Boulevard in Columbus, OH.
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