Noodles & Company (NASDAQ:NDLS) Stock Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Noodles & Company (NASDAQ:NDLS) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.06 and traded as low as $0.90. Noodles & Company shares last traded at $0.93, with a volume of 117,711 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NDLS shares. Benchmark restated a “buy” rating and issued a $3.00 price target on shares of Noodles & Company in a research note on Monday, March 10th. StockNews.com lowered shares of Noodles & Company from a “hold” rating to a “sell” rating in a research report on Wednesday, March 12th.

Noodles & Company Stock Down 8.3 %

The stock has a market capitalization of $42.35 million, a price-to-earnings ratio of -1.27 and a beta of 1.86. The company has a quick ratio of 0.17, a current ratio of 0.31 and a debt-to-equity ratio of 23.66. The stock has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.06.

Noodles & Company (NASDAQ:NDLS) last posted its earnings results on Thursday, March 6th. The restaurant operator reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.02). Noodles & Company had a negative return on equity of 108.23% and a negative net margin of 6.59%. The business had revenue of $121.77 million for the quarter, compared to analyst estimates of $123.43 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. As a group, analysts forecast that Noodles & Company will post -0.43 EPS for the current year.

Institutional Trading of Noodles & Company

An institutional investor recently raised its position in Noodles & Company stock. Bridgeway Capital Management LLC raised its stake in Noodles & Company (NASDAQ:NDLS) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 147,300 shares of the restaurant operator’s stock after buying an additional 21,800 shares during the period. Bridgeway Capital Management LLC owned about 0.32% of Noodles & Company worth $85,000 as of its most recent SEC filing. 65.67% of the stock is owned by institutional investors and hedge funds.

About Noodles & Company

Noodles & Co engages in the business of development and operation of fast-casual restaurants that serve noodle and pasta dishes, soups, salads, and appetizers. The firm also offers pleasant dining, pick-up, and delivery experiences by quickly preparing fresh food with friendly service. The company was founded by Aaron Kennedy in 1995 and is headquartered in Broomfield, CO.