StockNews.com began coverage on shares of Ark Restaurants (NASDAQ:ARKR – Free Report) in a report published on Tuesday morning. The brokerage issued a buy rating on the restaurant operator’s stock.
Ark Restaurants Price Performance
ARKR opened at $11.68 on Tuesday. The company’s 50 day simple moving average is $12.46 and its two-hundred day simple moving average is $13.52. The firm has a market capitalization of $42.11 million, a price-to-earnings ratio of -5.78 and a beta of 1.01. Ark Restaurants has a 1-year low of $10.27 and a 1-year high of $16.25.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last posted its earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The company had revenue of $50.40 million for the quarter. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.
Institutional Inflows and Outflows
About Ark Restaurants
Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. It operates restaurants in New York City; Washington, DC; Las Vegas, Nevada; Atlantic City, New Jersey; Florida; and Alabama, as well as fast food concepts and catering operations. The company was incorporated in 1983 and is based in New York, New York.
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