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

Good Times Restaurants Inc. (NASDAQ:GTIM) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.28 and traded as high as $1.3299. Good Times Restaurants shares last traded at $1.28, with a volume of 82,418 shares trading hands.

Wall Street Analysts Forecast Growth

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

Good Times Restaurants Stock Down 1.3%

The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $13.52 million, a P/E ratio of 12.80 and a beta of 0.65. The firm has a 50-day moving average price of $1.21 and a two-hundred day moving average price of $1.28.

Good Times Restaurants (NASDAQ:GTIM) last issued its earnings results on Thursday, February 5th. The restaurant operator reported $0.02 EPS for the quarter. The firm had revenue of $32.71 million during the quarter. Good Times Restaurants had a return on equity of 4.58% and a net margin of 0.75%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Good Times Restaurants stock. Bridgeway Capital Management LLC increased its position in Good Times Restaurants Inc. (NASDAQ:GTIM) by 4.8% in the 2nd quarter, according to the company in its most recent disclosure 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 approximately 1.46% of Good Times Restaurants worth $275,000 at the end of the most recent quarter. Hedge funds and other 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.