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GEN Restaurant Stock Surges 40% On Q4 Results

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Shares of GEN Restaurant Group, Inc. (GENK) surged nearly 40% on Friday morning after reporting fourth-quarter results, with revenues increasing over 20%.

GENK is currently trading at $7.08, up $1.99 or 39.10%, on the Nasdaq. The stock opened its trading at $6.94 after closing Thursday on $5.09. The stock has traded between $5.00 and $14.46 in the past 52-week period.

Net loss for the fourth quarter was $0.20 million or $0.04 per share, compared to $0.02 million or $0.01 per share in the same period last year.

Revenues for the quarter were $54.65 million, up from $45.11 million in the same period last year.

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