RDE (NASDAQ:GIFT) Posts Earnings Results, Misses Estimates By $0.02 EPS

RDE (NASDAQ:GIFT) announced its earnings results on Monday. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.02), Zacks reports. The company had revenue of $23.40 million for the quarter, compared to analyst estimates of $23.44 million.

RDE Price Performance

Shares of GIFT traded down $0.09 during trading hours on Tuesday, reaching $1.91. The stock had a trading volume of 74,785 shares, compared to its average volume of 117,386. The company has a quick ratio of 0.40, a current ratio of 0.80 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average is $1.51 and its two-hundred day moving average is $1.56. RDE has a 12 month low of $0.82 and a 12 month high of $4.27.

Wall Street Analyst Weigh In

Separately, Maxim Group began coverage on RDE in a research note on Wednesday, February 5th. They set a “buy” rating and a $4.00 price objective on the stock.

RDE Company Profile

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.