Chanticleer (NASDAQ:BURG) Sees Large Volume Increase

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Chanticleer Holdings (NASDAQ:BURG) shares saw strong trading volume on Thursday . 2,494,438 shares traded hands during trading, an increase of 1,245% from the previous session’s volume of 185,471 shares.The stock last traded at $1.03 and had previously closed at $1.01.

A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Chanticleer from a “sell” rating to a “hold” rating in a research report on Wednesday, June 5th. ValuEngine upgraded Chanticleer from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. Finally, Northland Securities restated a “buy” rating and set a $3.50 price objective on shares of Chanticleer in a research report on Friday, April 5th.

The firm has a market cap of $4.06 million, a PE ratio of -0.71 and a beta of 2.72. The company has a quick ratio of 0.06, a current ratio of 0.08 and a debt-to-equity ratio of 2.47. The stock has a 50-day moving average price of $1.12.

Chanticleer (NASDAQ:BURG) last posted its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported ($0.51) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.17). Chanticleer had a negative return on equity of 70.24% and a negative net margin of 15.02%. The firm had revenue of $10.20 million for the quarter, compared to analysts’ expectations of $10.35 million. As a group, equities analysts expect that Chanticleer Holdings will post -1.22 earnings per share for the current year.

About Chanticleer (NASDAQ:BURG)

There is no company description available for Chanticleer Holdings Inc

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