Zoe's Kitchen Inc. (ZOES) Moves Lower on Volume Spike for May 31

Equities Staff  |

Zoe's Kitchen Inc. (ZOES) traded on unusually high volume on May. 31, as the stock lost 2.37% to close at $9.08. On the day, Zoe's Kitchen Inc. saw 1.42 million shares trade hands on 7,989 trades. Considering that the stock averages only a daily volume of 795,545 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $17.65 and $8.59 over the last 52-weeks, its 50-day SMA is now $14.59, and its 200-day SMA $14.20. Zoe's Kitchen Inc. has a P/B ratio of 1.38.

Zoe's Kitchen Inc operates fast casual restaurant concept serving a distinct menu of fresh, wholesome, Mediterranean-inspired dishes delivered with Southern hospitality.

Headquartered in Plano, TX, Zoe's Kitchen Inc. has 5,473 employees and is currently under the leadership of CEO Kevin Miles.

For a complete fundamental analysis analysis of Zoe's Kitchen Inc., check out Equities.com’s Stock Valuation Analysis report for ZOES.

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To get more information on Zoe's Kitchen Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: ZOES’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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