iPic Entertainment (IPIC) Hits New 52-Week Low at $5.40

Shares of iPic Entertainment Inc (NASDAQ:IPIC) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.40 and last traded at $5.51, with a volume of 4170 shares. The stock had previously closed at $5.86.

IPIC has been the subject of several research reports. Zacks Investment Research upgraded shares of iPic Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Barrington Research restated a “buy” rating and set a $9.00 price target on shares of iPic Entertainment in a research report on Tuesday, August 21st.

iPic Entertainment (NASDAQ:IPIC) last posted its quarterly earnings results on Wednesday, August 8th. The company reported ($0.43) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.47) by $0.04. The company had revenue of $37.52 million for the quarter, compared to the consensus estimate of $36.21 million. As a group, analysts expect that iPic Entertainment Inc will post -1.25 earnings per share for the current year.

About iPic Entertainment (NASDAQ:IPIC)

iPic Entertainment Inc operates restaurants and theaters in the United States. The company operates casual restaurants, farm-to-glass full-service bars, and theater auditoriums with in-theater dining. It operates restaurants under the City Perch Kitchen + Bar, Tanzy, The Tuck Room, The Tuck Room Tavern, and iPic Express brands.

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