Ruby Tuesday (RT) NewsBite - RT Earnings Top Estimates

Posted: Wednesday, July 08, 2009 9:59 AM EDT

Ruby Tuesday (NYSE: RT) opened at $7.93. So far today, the stock has hit a low of $7.65 and a high of $8.04. RT is now trading at $7.72, up $0.32 (4.28%). Over the last 52 weeks the stock has ranged from a low of $.85 to a high of $8.84. Shares of RT are rising today after the company reported a fourth-quarter profit of $14.4 million, or 28 cents per share, on revenue of $317 million. Analysts had forecast a profit of 19 cents per share on revenue of $303 million. Technical indicators for the stock are bearish and S&P gives RT a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on RT the stock seems like it could be a candidate for an October out-of-the-money bull-put credit spread below the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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