Good Times Restaurants (NASDAQ:GTIM) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.23 and traded as high as $1.32. Good Times Restaurants shares last traded at $1.31, with a volume of 4,356 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Good Times Restaurants in a report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Good Times Restaurants Price Performance

The company has a 50 day simple moving average of $1.25 and a 200-day simple moving average of $1.23. The stock has a market cap of $13.83 million, a price-to-earnings ratio of 7.71 and a beta of 0.64. The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.03.

Good Times Restaurants (NASDAQ:GTIM) last released its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.05. Good Times Restaurants had a return on equity of 5.34% and a net margin of 1.32%.The firm had revenue of $33.23 million for the quarter, compared to the consensus estimate of $31.53 million.

Institutional Trading of Good Times Restaurants

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC raised its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,813 shares of the restaurant operator’s stock after purchasing an additional 6,975 shares during the quarter. Bridgeway Capital Management LLC owned 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent reporting period. Institutional investors own 12.06% of the company’s stock.

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.