Trans World Entertainment Corp. (TWMC) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on September 23. Shares of TWMC have climbed 3.15% about 30 minutes into the session to $3.6 after closing the day prior at $3.49. It’s early, but the stock has traded as high as $3.6 and as low as $3.52 so far. Today’s quick advance has come with about 1,620 shares changing hands, compared to an average 30-day volume of 20,468 for Trans World Entertainment Corp.. The price is currently below the 30-day volume weighted average price of $3.58 for TWMC.
The share appreciation gives the company a market capitalization of $105.93 million based upon 30.35 million shares outstanding. It also means that TWMC has a price-to-book ratio of 0.63:1 and a price-to-earnings ratio of 113.0:1.
In the past 52 weeks, shares of TWMC have traded as low as $3.1 and as high as $4.0. Technical traders will take note that at $3.6, shares of TWMC are trading below their 200-day MA at $3.66 and above their 50-day MA at $3.59. 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 TWMC?
Trans World Entertainment Corp is a specialty retailer of entertainment software, including music, video, video games and related products in the United States. It operates a chain of retail entertainment stores and e-commerce sites. The company’s 2900 employees are led by CEO Michael Feurer from the corporate headquarters at 38 Corporate Circle.
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