For the month ended Nov. 15, The Northern Colorado Business Report Stock Index rose 40.69 points, or 3.40 percent, to close at 1238.16.
In comparison, the Dow Jones Industrial Average rose 128.97 points, or 2.69 percent, to a record high of 4922.75, while the S&P 500 Index gained 9.46 points, or 1.62 percent, to close at 593.96.
When matters concluded, advancing issues outpaced declining issues by a 31-to-30 count, and 20 stocks reached new 52-week highs vs. 10 that dipped to new 52-week lows.
Turning to stocks in the accompanying table:
Good Times Restaurants Inc. closed four of its drive-through restaurants in Las Vegas in the face of poor sales and high costs. In addition, the company expects weak financial results for the year. Good Times Restaurants dropped 0.44 points, or 41.18 percent, to close at $0.63.
Eastman Kodak Co. reported higher sales and earnings for its third quarter and year-to-date results. The company reported sales of $3.81 billion for the third quarter of 1995, up 8 percent from $3.53 billion for third quarter 1994. Net earnings for the third quarter were $338 million, compared with $193 million a year ago, an increase of 75 percent. For the month, Eastman Kodak increased 12.00 points, or 21.05 percent, to close at $69.
Electronic Fab Technology Corp. reported a third-quarter net loss of $212,881 against a profit of $565,463 in the same quarter a year ago. Electronic Fab Technology Corp. fell 1 point, or 20 percent, to close at $4.
Rocky Mountain Chocolate Factory Inc. expects third-quarter earnings to be lower than expected and to fall into the $0.19 to $0.21 per share range. In addition, the company made a public offering of 900,000 shares of common stock Oct. 30. Rocky Mountain Chocolate Factory slid 4.00 points for the month, or 23.88 percent, to close at $12.75.
Neil Nordby is president of Nordby International Inc., a Colorado-based financial information firm.