RDE (NASDAQ:GIFT) Trading Up 9.2% – Here’s Why

Shares of RDE, Inc. (NASDAQ:GIFT) traded up 9.2% on Tuesday . The company traded as high as $1.92 and last traded at $1.89. 71,347 shares were traded during mid-day trading, a decline of 21% from the average session volume of 90,224 shares. The stock had previously closed at $1.73.

Analyst Upgrades and Downgrades

Separately, Maxim Group assumed coverage on RDE in a research note on Wednesday, February 5th. They issued a “buy” rating and a $4.00 price target for the company.

RDE Stock Up 9.2%

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.40. The stock has a 50 day simple moving average of $1.84 and a two-hundred day simple moving average of $1.51.

RDE (NASDAQ:GIFT) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.01).

About RDE

RDE, Inc owns and operates a restaurant deal space in the United States. The company operates Restaurant.com that connects digital consumers, businesses, and communities with dining and merchant deal options at approximately 182,500 restaurants and retailers to approximately 7.8 million customers. It sells discount certificates for restaurants, as well as complementary entertainment and travel offerings, and consumer products on behalf of third-party merchants.