If you are going to track a stock this morning then it might be a good move to make it the RYU Apparel Inc (OTCMKTS:RYPPF) stock. The company was in considerable focus over the course of the past week among investors and ended up with gains of as much as 20% for the period.
Trading Data
On Friday, RYPPF stock ended flat at $0.0472 with more than 24k shares, compared to its average volume of 33k shares. The stock has moved within a range of $0.0472 – 0.0472 after opening trade at $0.0421.
RYU Apparel Reports 304% Increase in Q3 Revenue
The company, which is involved in the urban apparel space, is a well-known operator in that particular industry and has also won awards. This past Friday, it was in focus after it announced that in the three month period that had ended on September 30, 2021, it managed to generate sales of as much as $313986.
It was a major announcement from the company and fired up investors since the sales figure reflected a year on year rise of as much as 304%. In this context, it should be noted that in the first couple of quarters of 2021, the company’s supply chains had been disrupted significantly due to the restrictions that had been put in place due to the coronavirus pandemic. However, the situation seems to have improved significantly in recent months. It may be a good time to add RYU Apparel to your watch lists.
Technical Data
RYPPF stock is trading below the 20-Day and 50-Day Moving averages of $0.0476 and $0.0544 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0768. The stock is up 21% in the past month.
