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

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.30 and traded as high as $1.52. Good Times Restaurants shares last traded at $1.50, with a volume of 12,437 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Good Times Restaurants from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Good Times Restaurants currently has an average rating of “Sell”.

Good Times Restaurants Price Performance

The company has a current ratio of 0.47, a quick ratio of 0.37 and a debt-to-equity ratio of 0.01. The firm has a market cap of $15.84 million, a P/E ratio of 7.14 and a beta of 0.62. The firm has a 50-day simple moving average of $1.43 and a 200-day simple moving average of $1.31.

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

Hedge Funds Weigh In On Good Times Restaurants

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

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.