7 Stocks Hitting New Highs
Nathan's Famous (NATH) operates in the foodservice industry, marketing the Nathan's Famous brand and selling products bearing the Nathan's Famous trademarks through various channels of distribution in the U.S. and internationally. This stock is trading up 9.8% to $20.95 in recent trading after hitting a 52-week high of $21.25 earlier in the day.
Today's Range: $20.75-$21.2552-week Range: $15.75-$21.25 Volume: 37,000 shares Three-Month Average Volume: 5,017 shares Nathan's Famous has a market cap of $104.28 million and an enterprise value of $62.70 million. This stock trades at a trailing price-to-earnings of 25.83. From a technical standpoint, this stock is gapping up big today above some past overhead resistance at $19.50 a share. The problem here is that the stock is very thinly traded with only 5,017 shares trading on an average day. That lack of interest from the big fish on Wall Street would have me avoiding this for any short-term trading.
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