Inventure Foods Inc. (SNAK) has been a solid gainer for NYSE and NASDAQ listed companies trading in the consumer goods sector in morning action on April 21. At the lunch break, shares of SNAK have risen 4.87% to $3.98 after closing the day prior at $3.8. In the first two and a half hours of trading, the stock has gone as high as $4.09 and as low as $3.76. Today’s rise has come with about 107,336 shares changing hands, compared to an average 30-day volume of 255,441 for Inventure Foods Inc.. The price is currently below the 30-day volume weighted average price of $3.96 for SNAK.
The share appreciation gives the company a market capitalization of $74.81 million based upon 19.69 million shares outstanding. It also means that SNAK has a price-to-book ratio of 3.08:1.
In the past 52 weeks, shares of SNAK have traded as low as $3.5353 and as high as $10.15. Technical traders will take note that at $3.98, shares of SNAK are trading below their 200-day MA at $7.79 and below their 50-day MA at $4.91. 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 SNAK?
Inventure Foods Inc develops, produces markets and distributes snack food products and frozen berry products. The Company operates in two segments: frozen products and snack products. The company’s 687 employees are led by CEO from the corporate headquarters at 5415 East High Street in Phoenix, AZ.
For more information on SNAK 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.
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/.