RDE (NASDAQ:GIFT) Now Covered by Maxim Group

Analysts at Maxim Group assumed coverage on shares of RDE (NASDAQ:GIFT) in a report issued on Wednesday,Benzinga reports. The firm set a “buy” rating and a $4.00 price target on the stock. Maxim Group’s target price points to a potential upside of 247.83% from the company’s current price.

RDE Trading Up 7.5 %

NASDAQ GIFT traded up $0.08 during mid-day trading on Wednesday, hitting $1.15. The company’s stock had a trading volume of 182,415 shares, compared to its average volume of 112,807. The company has a fifty day moving average price of $1.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.40 and a current ratio of 0.80. RDE has a 52-week low of $0.82 and a 52-week high of $4.50.

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.