Patisserie (LON:CAKE) Shares Up 0.6% – Still a Buy?

Patisserie Holdings plc (LON:CAKE) shot up 0.6% during mid-day trading on Wednesday. The stock traded as high as GBX 10.62 and last traded at GBX 10.55. Approximately 13,400 shares were traded during trading, a decline of 94% from the average session volume of 224,930 shares. The stock had previously closed at GBX 10.49.

Patisserie Trading Up 0.6%

The business has a fifty day moving average price of GBX 10.65.

Patisserie Company Profile

Patisserie Holdings plc, together with its subsidiaries, operates in the casual dining sector in the United Kingdom and the Republic of Ireland. The company's stores formats include cafés, concessions, brasseries, takeaways, kiosks, and an online channel. Its stores offer cakes, pastries, snacks, meals, and hot and cold drinks. The company operates 152 stores under the Patisserie Valerie brand, 20 stores under the Druckers ? Vienna Patisserie brand, 22 stores under Philpotts brand, 4 stores under Baker & Spice brand, and 1 bakery under the Flour Power City Bakery brand.