Large Inflow of Money Witnessed in Ruths Hospitality Group

Ruths Hospitality Group (RUTH) : Thursdays money flow points at investors jumping to buy the stock on the weakness of price. $0.62 million worth of transactions were on upticks, whereas, the downticks accounted for $0.04 million worth of transactions. The net money flow was a positive $0.57 million and the uptick to downtick ratio was 13.86. The net money flow into the stock was $0.57 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $0.57 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Ruths Hospitality Group (RUTH) was trading at $15.81, down $0.06 during day. The stock slid -0.38% over the previous days close. For the week, the stock recorded -1.13% over the previous weeks close.


Ruths Hospitality Group (RUTH) : The most positive equity analysts on Ruths Hospitality Group (RUTH) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $19 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $19.67 with an expected fluctuation of $0.58 from the mean. The stock has recorded a 20-day Moving Average of 4.15% and the 50-Day Moving Average is 5.38%.

Ruths Hospitality Group (NASDAQ:RUTH): The stock opened at $15.87 on Thursday but the bulls could not build on the opening and the stock topped out at $16.04 for the day. The stock traded down to $15.71 during the day, due to lack of any buying support eventually closed down at $15.75 with a loss of -0.76% for the day. The stock had closed at $15.87 on the previous day. The total traded volume was 171,718 shares.

Ruths Hospitality Group, Inc. is a restaurant company focused on the upscale dining segment. The Company operates Company-owned restaurants and sells franchise rights to Ruths Chris Steak House franchisees giving the franchisees the right to operate similar restaurants in a particular area designated in the franchise agreement. It has approximately 143 Ruths Chris Steak House restaurants, including 65 Company-owned restaurants, one restaurant operating under a management agreement and 77 franchisee-owned restaurants, including 20 international franchisee-owned restaurants in Aruba, Canada, China, Hong Kong, El Salvador, Japan, Mexico, Panama, Singapore, Taiwan and the United Arab Emirates. Its segments include the Company-owned steakhouse segment and the franchise operations segment.

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