Maxim Group Initiates Coverage on RDE (NASDAQ:GIFT)

Maxim Group initiated coverage on shares of RDE (NASDAQ:GIFT) in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm set a “buy” rating and a $4.00 price target on the stock. Maxim Group’s target price suggests a potential upside of 257.14% from the stock’s previous close.

RDE Price Performance

GIFT stock opened at $1.12 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.80 and a debt-to-equity ratio of 0.06. The firm’s 50-day moving average price is $1.16. RDE has a 12-month low of $0.82 and a 12-month high of $4.50.

RDE Company Profile

RDE, Inc owns and operates a restaurant deal space in the United States. The company operates Restaurant.com that connects digital consumers, businesses, and communities with dining and merchant deal options at approximately 182,500 restaurants and retailers to approximately 7.8 million customers. It sells discount certificates for restaurants, as well as complementary entertainment and travel offerings, and consumer products on behalf of third-party merchants.