Today's Dead Cat Bounce Stock: Noodles (NDLS)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Noodles ( NDLS) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Noodles as such a stock due to the following factors:

  • NDLS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $22.0 million.
  • NDLS has traded 293,679 shares today.
  • NDLS is up 3.4% today.
  • NDLS was down 16.1% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in NDLS with the Ticky from Trade-Ideas. See the FREE profile for NDLS NOW at Trade-Ideas

More details on NDLS:

Noodles & Company develops and operates fast casual restaurants in the United States. The company's restaurants offer various cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. NDLS has a PE ratio of 114.6. Currently there are 2 analysts that rate Noodles a buy, no analysts rate it a sell, and 8 rate it a hold.

The average volume for Noodles has been 248,700 shares per day over the past 30 days. Noodles has a market cap of $710.1 million and is part of the services sector and leisure industry. Shares are down 29.8% year-to-date as of the close of trading on Thursday.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

If you liked this article you might like

Most Restaurant Stocks Remain Tough to Swallow

Eating McDonald's Stock Might Make You Sick

Investors in Restaurant Stocks Still Need Strong Stomachs

It's Hard to Work Up an Appetite for Most Restaurant Stocks

The Retail Apocalypse Is About to Descend on Wall Street This Coming Week