Good Times Restaurants (NASDAQ:GTIM) Stock Crosses Above 200 Day Moving Average of $2.54

Shares of Good Times Restaurants Inc. (NASDAQ:GTIM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.54 and traded as high as $2.64. Good Times Restaurants shares last traded at $2.59, with a volume of 15,385 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Good Times Restaurants in a research report on Wednesday. They issued a “strong-buy” rating on the stock.

Good Times Restaurants Stock Down 0.8 %

The company has a market capitalization of $28.27 million, a price-to-earnings ratio of 43.17 and a beta of 1.77. The company has a quick ratio of 0.36, a current ratio of 0.45 and a debt-to-equity ratio of 0.04. The business has a 50-day moving average price of $2.62 and a 200-day moving average price of $2.54.

Good Times Restaurants (NASDAQ:GTIM) last issued its quarterly earnings results on Thursday, May 2nd. The restaurant operator reported $0.06 earnings per share for the quarter. Good Times Restaurants had a return on equity of 2.00% and a net margin of 0.47%. The firm had revenue of $35.44 million for the quarter.

Good Times Restaurants Company Profile

Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. It operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant.