Cara Operations (TSE:CARA) Shares Down 2.4%

Cara Operations Limited (TSE:CARAGet Rating) shares dropped 2.4% during mid-day trading on Monday . The stock traded as low as C$27.71 and last traded at C$27.72. Approximately 35,304 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 36,321 shares. The stock had previously closed at C$28.41.

The business’s 50 day simple moving average is C$27.72.

About Cara Operations (TSE:CARA)

Cara Operations Limited operates and franchises full service restaurants. It operates through four segments: Corporate Restaurants, Franchise Restaurants, Food Processing and Distribution, and central operations. As of December 31, 2017, the company operated 1,272 restaurants, including 1,221 restaurants in Canada and 51 locations internationally under the Swiss Chalet, Harvey's, St-Hubert, Milestones, Montana's, Kelsey's, East Side Mario's, New York Fries, Prime Pubs, Bier Markt, Landing, Original Joe's, State & Main, Elephant & Castle, Burger's Priest, Pickle Barrel, Taverne Moderne, and The Keg restaurant brands.

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