BT Brands, Inc. (NASDAQ:BTBD – Get Free Report) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 27,267 shares, a drop of 34.3% from the September 30th total of 41,478 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 17,957 shares, the short-interest ratio is presently 1.5 days.
BT Brands Stock Performance
NASDAQ BTBD opened at $1.76 on Tuesday. The company has a market cap of $10.89 million, a PE ratio of -19.56 and a beta of 0.52. The stock’s 50 day simple moving average is $1.71 and its 200-day simple moving average is $1.45. BT Brands has a 1-year low of $1.03 and a 1-year high of $2.48. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 3.99.
BT Brands (NASDAQ:BTBD – Get Free Report) last issued its quarterly earnings results on Monday, August 17th. The company reported $0.09 earnings per share (EPS) for the quarter. BT Brands had a negative return on equity of 8.99% and a negative net margin of 4.57%. The firm had revenue of $3.55 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings upgraded shares of BT Brands from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.
Check Out Our Latest Research Report on BTBD
About BT Brands
BT Brands, Inc is a restaurant holding company that owns and operates franchised and company-operated restaurants in the United States. Its portfolio includes Burger Time restaurants, which offer quick-service hamburgers, sandwiches, fries, shakes and other menu items.
The company has also operated restaurants under additional concepts, including Boss’ Pizza and Chicken, a fast-casual chain serving pizza, chicken and related food products. BT Brands’ operations have been concentrated in the Upper Midwest and other select U.S.
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