RDE (NASDAQ:GIFT – Get Free Report) issued its earnings results on Monday. The company reported ($0.14) earnings per share 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 analysts’ expectations of $23.44 million.
RDE Stock Down 4.5 %
NASDAQ GIFT opened at $1.91 on Wednesday. RDE has a 12 month low of $0.82 and a 12 month high of $4.27. 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 firm’s fifty day moving average price is $1.53 and its 200 day moving average price is $1.56.
Analysts Set New Price Targets
Separately, Maxim Group initiated coverage on RDE in a report on Wednesday, February 5th. They issued a “buy” rating and a $4.00 target price on the stock.
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.
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