StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR – Free Report) in a research note released on Tuesday. The firm issued a buy rating on the restaurant operator’s stock.
Ark Restaurants Stock Performance
Shares of NASDAQ ARKR opened at $11.71 on Tuesday. The stock has a market cap of $42.20 million, a P/E ratio of -5.80 and a beta of 1.01. The firm has a 50 day moving average price of $12.49 and a 200 day moving average price of $13.54. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $16.25.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last released its quarterly earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The company had revenue of $50.40 million during the quarter. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.
Institutional Trading of 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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