Good Times Restaurants (NASDAQ:GTIM) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Good Times Restaurants Inc. (NASDAQ:GTIM)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.33 and traded as high as $1.52. Good Times Restaurants shares last traded at $1.50, with a volume of 60,588 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Good Times Restaurants from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Good Times Restaurants Price Performance

The firm has a 50 day moving average price of $1.46 and a 200 day moving average price of $1.33. The stock has a market capitalization of $15.84 million, a PE ratio of 7.14 and a beta of 0.59. The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.01.

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

Institutional Investors Weigh In On Good Times Restaurants

A hedge fund recently bought a new stake in Good Times Restaurants stock. Gainline Financial Partners LLC bought a new position in shares of Good Times Restaurants Inc. (NASDAQ:GTIM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 48,250 shares of the restaurant operator’s stock, valued at approximately $68,000. Gainline Financial Partners LLC owned 0.46% of Good Times Restaurants at the end of the most recent quarter. Institutional investors and hedge funds 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.