News articles about Rave Restaurant Group (NASDAQ:RAVE) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rave Restaurant Group earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 47.8226241647806 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Rave Restaurant Group (NASDAQ RAVE) traded down $0.05 during trading on Tuesday, reaching $1.68. 37,800 shares of the company’s stock traded hands, compared to its average volume of 58,786. Rave Restaurant Group has a one year low of $1.27 and a one year high of $3.01. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.37 and a current ratio of 1.38.
In other Rave Restaurant Group news, Chairman Mark E. Schwarz sold 500,000 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $1.40, for a total value of $700,000.00. Following the transaction, the chairman now directly owns 100,691 shares in the company, valued at $140,967.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Crane purchased 178,540 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was bought at an average price of $1.40 per share, for a total transaction of $249,956.00. Following the completion of the purchase, the chief executive officer now directly owns 240,103 shares of the company’s stock, valued at $336,144.20. The disclosure for this purchase can be found here. Corporate insiders own 32.40% of the company’s stock.
Rave Restaurant Group Company Profile
Rave Restaurant Group, Inc operates and franchises pizza buffet, delivery/carry-out and express restaurants domestically and internationally under the trademark, Pizza Inn, and operates and franchises domestic fast casual restaurants under the trademarks Pie Five Pizza Company (Pie Five). The Company has two operating segments, which include Company-owned Restaurants, and Franchising and Food and Supply Distribution.
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