Ark Restaurants (NASDAQ:ARKR) Share Price Crosses Below 200 Day Moving Average – What’s Next?

by · The Cerbat Gem

Shares of Ark Restaurants Corp. (NASDAQ:ARKR – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.29 and traded as low as $4.85. Ark Restaurants shares last traded at $4.85, with a volume of 28,270 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ark Restaurants presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on Ark Restaurants

Ark Restaurants Stock Up 1.4%

The business’s 50 day simple moving average is $5.59 and its 200 day simple moving average is $6.26. The company has a market capitalization of $17.92 million, a PE ratio of -5.65 and a beta of 0.35. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.22.

Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The restaurant operator reported ($0.10) earnings per share (EPS) for the quarter. Ark Restaurants had a negative net margin of 2.04% and a negative return on equity of 10.61%. The firm had revenue of $40.88 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP purchased a new stake in Ark Restaurants in the 2nd quarter worth about $81,000. Nokomis Capital L.L.C. acquired a new position in shares of Ark Restaurants in the 3rd quarter valued at about $148,000. Finally, Empowered Funds LLC lifted its position in shares of Ark Restaurants by 8.1% in the first quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 1,674 shares in the last quarter. Hedge funds and other institutional investors own 31.95% of the company’s stock.

About Ark Restaurants

(Get Free Report)

Ark Restaurants Corp., traded on NASDAQ under the ticker ARKR, is a Boca Raton, Florida–based restaurant operator. The company owns and manages a portfolio of casual and upscale dining venues that feature Cuban-inspired menus, full-service bars and live entertainment. Its concepts emphasize traditional Latin flavors paired with modern culinary techniques to appeal to a broad range of diners.

Ark Restaurants serves both on-premise and off-premise customers, offering dine-in seating, take-out, delivery and catering services.

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