Ark Restaurants (NASDAQ:ARKR) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened
by Sarita Garza · The Markets DailyArk Restaurants Corp. (NASDAQ:ARKR – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.73 and traded as low as $6.03. Ark Restaurants shares last traded at $6.20, with a volume of 1,851 shares traded.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.
View Our Latest Analysis on ARKR
Ark Restaurants Price Performance
The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $6.66 and its two-hundred day moving average price is $6.73. The stock has a market cap of $22.38 million, a P/E ratio of -3.56 and a beta of 0.32.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The restaurant operator reported ($0.50) earnings per share (EPS) for the quarter. Ark Restaurants had a negative return on equity of 8.49% and a negative net margin of 3.97%.The company had revenue of $36.58 million during the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new stake in Ark Restaurants in the third quarter worth $137,000. Nokomis Capital L.L.C. purchased a new position in Ark Restaurants during the third quarter valued at $148,000. Empowered Funds LLC boosted its holdings in shares of Ark Restaurants by 8.1% during the 1st quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock valued at $226,000 after buying an additional 1,674 shares in the last quarter. Finally, CM Management LLC boosted its holdings in shares of Ark Restaurants by 12.5% during the 3rd quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock valued at $1,602,000 after buying an additional 25,000 shares in the last quarter. Hedge funds and other institutional investors own 31.95% of the company’s stock.
Ark Restaurants Company Profile
Ark Restaurants Corp., traded on NASDAQ under the ticker ARKR, is a Boca Raton, Florida–based restaurant operator. The company owns and manages a portfolio of casual and upscale dining venues that feature Cuban-inspired menus, full-service bars and live entertainment. Its concepts emphasize traditional Latin flavors paired with modern culinary techniques to appeal to a broad range of diners.
Ark Restaurants serves both on-premise and off-premise customers, offering dine-in seating, take-out, delivery and catering services.