Flanigan’s Enterprises (NYSEAMERICAN:BDL) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Flanigan’s Enterprises, Inc. (NYSEAMERICAN:BDL) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as high as $24.13. Flanigan’s Enterprises shares last traded at $23.44, with a volume of 671 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Flanigan’s Enterprises in a research report on Tuesday, April 8th. They set a “hold” rating for the company.

Flanigan’s Enterprises Price Performance

The company has a market cap of $44.13 million, a price-to-earnings ratio of 13.40 and a beta of 0.68. The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

About Flanigan’s Enterprises

Flanigan’s Enterprises, Inc, together with its subsidiaries, operates a chain of full-service restaurants and package liquor stores in South Florida. The company operates in two segments, Package Stores and Restaurants. It operates package liquor stores under the Big Daddy’s Liquors name, which offer private label liquors, beer, and wines; and restaurants under the Flanigan’s Seafood Bar and Grill service mark that provide alcoholic beverages and full food services.