RDE (NASDAQ:GIFT) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

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

RDE Stock Performance

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

Analyst Ratings Changes

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

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.