Investment analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.
Ark Restaurants Stock Down 2.0 %
Shares of NASDAQ ARKR opened at $11.75 on Wednesday. The stock’s 50 day moving average price is $12.39 and its two-hundred day moving average price is $13.49. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $16.25. The stock has a market capitalization of $42.33 million, a P/E ratio of -5.81 and a beta of 1.01.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share (EPS) for the quarter. Ark Restaurants had a positive return on equity of 0.14% and a negative net margin of 5.31%. The business had revenue of $50.40 million for the quarter.
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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