Equities research analysts at StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a research report issued to clients and investors on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.
Ark Restaurants Trading Down 3.3 %
ARKR stock opened at $10.01 on Wednesday. The company’s 50-day moving average price is $12.15 and its 200 day moving average price is $11.79. Ark Restaurants has a 52 week low of $9.75 and a 52 week high of $17.76. The company has a market cap of $36.06 million, a P/E ratio of -17.25 and a beta of 0.99.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The restaurant operator reported $0.18 EPS for the quarter. Ark Restaurants had a positive return on equity of 4.22% and a negative net margin of 1.16%.
Institutional Investors Weigh In On Ark Restaurants
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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