The penny stock of Healthy & Tasty Brands Corporation (GRLT), fka GRILLiT, Inc., looks to have muscled itself up after changing their name and joining forces with the MIA Fitness Team to integrate their healthy lifestyle food menu to the team’s client base. Not needing to be a person to wants to go from blubber to lover, GRLT stock has more than enough reasons for traders to view it as a chance to take control of what was one of the hottest penny stocks of 2013 for a fraction of the cost from where it traded just one month ago. After you see how low the float is and what it would take for this to become a smoking hot potato, a bounce back to the mid-40’s would be an exercise worth around than 200%.
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GRLT Stock Quote
Market Cap: 5.26M
Last: 0.141 ▲ +0.0161 (+12.89%)
Dollar Volume: $5,682
14-Day RSI: 39.28%
1st Resistance Point: 0.1523
1st Support Level: 0.1223
52Wk High: 1.90
52Wk Low: 0.04
GRILLiT may have changed their name to Healthy & Tasty Brands to better describe their approach to feeding South Floridians the chef-inspired custom crafted rice bowls, pasta, wraps and salads, but what is more significant is that GRLT stock still has a few more months before the a 5 for 1 common stock dividend shareholders received last September are able to be freely traded. What it means is that for the next 4 months, news like yesterday’s joint venture agreement with the MIA Fitness Team should continue to be well received by the investor community.
For the year ended December 31, 2013, GRILLiT reported sales of $786,901 which resulted in a gross profit of $463,174, or 58%. With consumer interest in healthier food choices and a growing demand for premium ingredients, fast casual restaurants like GRILLiT should continue to outpace traditional Quick Service Restaurants in 2014 and the coming years, assuming they can adapt and place themselves in the areas which are eagerly seeking a better meal for a reasonable price.
GRILLiT seems to have adapted to that approach having shut down their one location which was in the western portion of Broward County and acquired one located in a well-trafficked area adjacent to the University of Miami as well as selling master franchise rights in the states of Texas, Arizona and Nevada. The deal to team up with the fitness gurus at the MIA Fitness Team should prove to be a beneficial one considering that their healthy, Latin-Caribbean Fusion meals should become a top-choice within the 175 to 200 highly nutritious meals the MIA Fitness Team provides each day to its clients.
With GRLT stock having pretty well bottomed out heading into yesterday’s session, the little bit of volume that trickled in during the afternoon portion of the day was enough to raise the share price from 0.115 to 0.145, a 26% increase. Although the PPC ads being run to help boost attention to GRLT are sure to help a bit, once more eyes start checking to see how thin the level 2 is, GRLT could see a return to above .40 within no time.
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About GRLT Stock
Healthy & Tasty Brands Corp., fka GRILLit Inc., is a growing Latin-Caribbean fusion restaurant concept that marries fast casual to nutritious and healthy food. The company opened its first location in Miami in 2011 and specializes in chef-inspired custom crafted rice bowls, pasta and wraps as well as salads.
Issued and Outstanding: 37,320,533
Last 5 Trading Sessions:
When we first alerted GRLT stock in late July of last year, our confidence in it was reaffirmed after having partaken in a couple of meals there. Now that it’s been a proven 2,100% winner, traders should be watching GRLT for a rebound to levels twice as high as where the penny stock is right now. Sure, past performance doesn’t always have a hand in what is due to come, but it is highly unlikely that shares will see quotes as low as a dime in the weeks ahead.