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

Good Times Restaurants Inc. (NASDAQ:GTIM) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.26 and traded as high as $1.40. Good Times Restaurants shares last traded at $1.37, with a volume of 6,956 shares traded.

Wall Street Analyst Weigh In

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

Good Times Restaurants Stock Performance

The company has a current ratio of 0.40, a quick ratio of 0.31 and a debt-to-equity ratio of 0.03. The stock’s fifty day simple moving average is $1.35 and its 200 day simple moving average is $1.26. The company has a market cap of $14.47 million, a price-to-earnings ratio of 8.06 and a beta of 0.63.

Good Times Restaurants (NASDAQ:GTIM) last posted its quarterly earnings results on Thursday, May 7th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $33.23 million during the quarter, compared to analyst estimates of $31.53 million.

Institutional Trading of Good Times Restaurants

A hedge fund recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC lifted its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 6.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,737 shares of the restaurant operator’s stock after purchasing an additional 9,924 shares during the quarter. Bridgeway Capital Management LLC owned about 1.55% of Good Times Restaurants worth $269,000 at the end of the most recent reporting period. 12.06% of the stock is currently owned by institutional investors.

About Good Times Restaurants

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.