StockNews.com initiated coverage on shares of Ark Restaurants (NASDAQ:ARKR – Free Report) in a research note issued to investors on Saturday. The brokerage issued a buy rating on the restaurant operator’s stock.
Ark Restaurants Trading Down 4.4 %
Shares of Ark Restaurants stock opened at $11.37 on Friday. Ark Restaurants has a 12-month low of $10.27 and a 12-month high of $16.25. The firm has a market capitalization of $40.93 million, a price-to-earnings ratio of -4.18 and a beta of 1.01. The firm’s 50 day simple moving average is $12.02 and its two-hundred day simple moving average is $13.21.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last issued 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 negative net margin of 5.31% and a positive return on equity of 0.14%. The business had revenue of $50.40 million for the quarter.
Institutional Inflows and Outflows
Ark Restaurants Company Profile
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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