Chanticleer (NASDAQ:BURG) Sees Unusually-High Trading Volume

Chanticleer Holdings (NASDAQ:BURG) saw an uptick in trading volume on Friday . 904,200 shares changed hands during trading, an increase of 432% from the previous session’s volume of 169,822 shares.The stock last traded at $0.84 and had previously closed at $0.83.

A number of equities research analysts recently issued reports on BURG shares. Oak Ridge Finl. reissued a “buy” rating on shares of Chanticleer in a report on Friday, August 16th. ValuEngine lowered shares of Chanticleer from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

The company has a debt-to-equity ratio of 2.43, a current ratio of 0.09 and a quick ratio of 0.07. The stock’s fifty day moving average is $0.66 and its 200-day moving average is $1.03. The stock has a market cap of $8.24 million, a PE ratio of -0.58 and a beta of 2.62.

Chanticleer (NASDAQ:BURG) last announced its quarterly earnings data on Wednesday, August 14th. The restaurant operator reported ($0.50) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.30) by ($0.20). Chanticleer had a negative net margin of 20.88% and a negative return on equity of 93.39%. The firm had revenue of $10.71 million during the quarter, compared to analysts’ expectations of $11.17 million.

A hedge fund recently bought a new stake in Chanticleer stock. Anson Funds Management LP acquired a new stake in Chanticleer Holdings (NASDAQ:BURG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 194,500 shares of the restaurant operator’s stock, valued at approximately $214,000. Anson Funds Management LP owned 4.94% of Chanticleer at the end of the most recent quarter. Institutional investors and hedge funds own 2.85% of the company’s stock.

About Chanticleer (NASDAQ:BURG)

There is no company description available for Chanticleer Holdings Inc

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