Chanticleer Holdings Inc. (HOTR) 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 HOTR have tacked on 4.98% to $0.63 after closing the day prior at $0.6. In the first two and a half hours of trading, the stock has gone as high as $0.63 and as low as $0.6. Today’s rise has come with about 27,810 shares changing hands, compared to an average 30-day volume of 130,341 for Chanticleer Holdings Inc.. The price is currently below the 30-day volume weighted average price of $0.62 for HOTR.
The share appreciation gives the company a market capitalization of $13.17 million based upon 21.96 million shares outstanding. It also means that HOTR has a price-to-book ratio of 0.88:1.
In the past 52 weeks, shares of HOTR have traded as low as $0.3625 and as high as $1.34. Technical traders will take note that at $0.63, shares of HOTR are trading below their 200-day MA at $0.67 and above their 50-day MA at $0.45. 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 HOTR?
Chanticleer Holdings Inc, along with its subsidiaries, is engaged in the business of owning, operating & franchising fast casual dining concepts domestically and internationally. It owns and operates Hooters branded restaurants in international markets. The company’s 745 employees are led by CEO Michael D. Pruitt from the corporate headquarters at 7621 Little Avenue in Charlotte, NC.
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