Luby’s Inc. (LUB) had a rough trading day for Tuesday November 26 as shares tumbled 12.79%, or a loss of $-0.275 per share, to close at $1.88. After opening the day at $2.07, shares of Luby’s Inc. traded as high as $2.10 and as low as $1.82. Volume was 65,752 shares over 249 trades, against an average daily volume of n/a shares and a total float of 30.48 million.
As a result of the decline, Luby’s Inc. now has a market cap of $57.15 million. In the last year, shares of Luby’s Inc. have traded between a range of $2.35 and $1.07, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Luby’s Inc is a multi-branded company owns and operates restaurants in the US. Its operating segments are Company-owned restaurants, franchise operations, and Culinary Contract Services. The company-owned restaurant’s segment consists of brands including Luby’s Cafeteria, Fuddruckers, and Cheeseburger in Paradise with a couple of non-core restaurant locations under other brand names. It only offers franchises for the Fuddruckers brand. Franchises are sold in markets where expansion is deemed advantageous to the development of the Fuddruckers concept and system of restaurants. The CCS operation, branded as Luby’s Culinary Contract Services, consists of a business line servicing healthcare and corporate dining clients.
Luby’s Inc. is based out of Houston, TX and has some 6,589 employees.
