Good Times Restaurants Inc. (GTIM) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on April 21. Shares of GTIM have climbed 3.03% about 30 minutes into the session to $3.4 after closing the day prior at $3.3. It’s early, but the stock has traded as high as $3.4 and as low as $3.35 so far. Today’s quick advance has come with about 397 shares changing hands, compared to an average 30-day volume of 25,065 for Good Times Restaurants Inc.. The price is currently below the 30-day volume weighted average price of $3.36 for GTIM.
The share appreciation gives the company a market capitalization of $40.58 million based upon 12.3 million shares outstanding. It also means that GTIM has a price-to-book ratio of 1.16:1 and a price-to-earnings ratio of :1.
In the past 52 weeks, shares of GTIM have traded as low as $2.75 and as high as $4.48. Technical traders will take note that at $3.4, shares of GTIM are trading above their 200-day MA at $3.34 and above their 50-day MA at $3.13. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is GTIM?
Good Times Restaurants Inc through its wholly owned subsidiary is engaged in developing, owning, operating and franchising hamburger-oriented drive-through restaurants under the name Good Times Burgers & Frozen Custard. The company’s 1485 employees are led by CEO from the corporate headquarters at 141 Union Boulevard.
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