Good Times Restaurants (NASDAQ:GTIM) Shares Pass Above 200-Day Moving Average of $1.97
Good Times Restaurants Inc. (NASDAQ:GTIM)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.97 and traded as high as $1.79. Good Times Restaurants shares last traded at $1.79, with a volume of 200 shares traded.
GTIM has been the subject of a number of recent research reports. Stephens increased their price target on shares of Good Times Restaurants from $4.00 to $5.50 and gave the stock an “overweight” rating in a research note on Monday, August 12th. ValuEngine upgraded shares of Good Times Restaurants from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Maxim Group set a $6.00 price target on shares of Good Times Restaurants and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Zacks Investment Research cut shares of Good Times Restaurants from a “hold” rating to a “sell” rating in a research note on Tuesday, October 15th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. Good Times Restaurants has a consensus rating of “Buy” and an average price target of $4.83.
The company has a market cap of $22.83 million, a PE ratio of -22.38 and a beta of 0.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.44 and a current ratio of 0.58. The stock’s 50-day simple moving average is $1.73 and its 200 day simple moving average is $1.97.
About Good Times Restaurants (NASDAQ:GTIM)
Good Times Restaurants Inc, through its subsidiaries, engages in the restaurant business in the United States. The company operates Good Times Burgers & Frozen Custard, a regional chain of quick service restaurants; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full service, upscale, ‘small box' restaurant concept.
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