Waitr Holdings Inc (NASDAQ:WTRH)’s stock price dropped 13.5% during mid-day trading on Thursday . The company traded as low as $0.42 and last traded at $0.45, 1,645,764 shares changed hands during trading. An increase of 21% from the average session volume of 1,363,316 shares. The stock had previously closed at $0.52.
A number of research analysts have commented on the company. Royal Bank of Canada lowered Waitr from an “outperform” rating to a “sector perform” rating in a research report on Thursday, October 17th. Craig Hallum lowered Waitr from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Piper Jaffray Companies cut Waitr from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $11.00 to $4.00 in a research note on Friday, August 9th. Zacks Investment Research downgraded Waitr from a “hold” rating to a “sell” rating in a report on Saturday, November 16th. Finally, Benchmark set a $5.00 price target on Waitr and gave the stock a “buy” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.88.
The company has a market capitalization of $37.46 million and a P/E ratio of -0.21. The stock’s 50 day moving average is $0.43 and its 200-day moving average is $3.09. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.72 and a quick ratio of 1.72.
About Waitr (NASDAQ:WTRH)
Waitr Holdings Inc provides online food ordering and delivery services in the Southeastern United States. Its Waitr Platform and Bite Squad Platform facilitates ordering of food and beverages by diners from restaurant partners for pick-up and delivery through a network of drivers. As of December 31, 2018, the company had approximately 8,500 restaurant partners in 250 cities.
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