Good Times Restaurants (NASDAQ:GTIM) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Good Times Restaurants Inc. (NASDAQ:GTIM)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.29 and traded as high as $1.6550. Good Times Restaurants shares last traded at $1.55, with a volume of 84,534 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Good Times Restaurants in a report on Wednesday, June 24th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Good Times Restaurants Stock Performance

The company has a market capitalization of $16.36 million, a P/E ratio of 7.38 and a beta of 0.62. The stock’s fifty day moving average price is $1.40 and its 200-day moving average price is $1.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.31 and a current ratio of 0.47.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Thursday, August 6th. The restaurant operator reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.22. The business had revenue of $35.17 million during the quarter, compared to analysts’ expectations of $31.53 million. Good Times Restaurants had a return on equity of 6.47% and a net margin of 1.65%.

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its holdings in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 153,813 shares of the restaurant operator’s stock after acquiring an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned approximately 1.46% of Good Times Restaurants worth $275,000 as of its most recent SEC filing. 12.06% of the stock is currently owned by hedge funds and other institutional investors.

Good Times Restaurants Company Profile

Good Times Restaurants International, Inc (NASDAQ: GTIM) owns, develops, operates and franchises quick-service restaurants under the Good Times Burger & Frozen Custard brand. The company’s restaurants feature a signature menu built around hand-pressed, fresh-never-frozen beef burgers, homemade buns, fresh-cut fries, handcrafted milkshakes and frozen custard desserts. Good Times supplements its core offerings with seasonal items and limited-time promotions designed to appeal to a variety of customer tastes.

Founded in 1987 and headquartered in Lakewood, Colorado, Good Times has expanded through a mix of company-owned locations and franchising agreements.