Arko (NASDAQ:ARKO) Shares Gap Down – Time to Sell?

Shares of Arko Corp. (NASDAQ:ARKO) gapped down prior to trading on Thursday . The stock had previously closed at $7.26, but opened at $6.00. Arko shares last traded at $4.79, with a volume of 1,121,603 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered shares of Arko from a “buy” rating to a “hold” rating and lowered their price target for the stock from $8.50 to $7.50 in a research report on Thursday.

Arko Trading Down 36.2 %

The firm has a 50-day moving average of $6.87 and a 200 day moving average of $6.78. The company has a current ratio of 1.63, a quick ratio of 1.13 and a debt-to-equity ratio of 3.86. The stock has a market capitalization of $536.14 million, a price-to-earnings ratio of 29.22 and a beta of 0.50.

Hedge Funds Weigh In On Arko

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Arko in the 4th quarter worth approximately $53,000. Tower Research Capital LLC TRC increased its holdings in shares of Arko by 90.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company’s stock valued at $64,000 after buying an additional 4,639 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Arko during the fourth quarter worth $66,000. Victory Capital Management Inc. purchased a new stake in shares of Arko during the fourth quarter valued at $66,000. Finally, Quantbot Technologies LP acquired a new position in shares of Arko in the 3rd quarter valued at $72,000. Institutional investors own 78.29% of the company’s stock.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.