Ark Restaurants (NASDAQ:ARKR) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Ark Restaurants Corp. (NASDAQ:ARKR) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.73 and traded as low as $6.03. Ark Restaurants shares last traded at $6.20, with a volume of 1,851 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ark Restaurants in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ark Restaurants has a consensus rating of “Sell”.

Ark Restaurants Price Performance

The business has a fifty day simple moving average of $6.66 and a two-hundred day simple moving average of $6.73. The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.22. The stock has a market cap of $22.38 million, a PE ratio of -3.56 and a beta of 0.32.

Ark Restaurants (NASDAQ:ARKR) last posted its earnings results on Monday, May 11th. The restaurant operator reported ($0.50) earnings per share for the quarter. Ark Restaurants had a negative return on equity of 8.49% and a negative net margin of 3.97%.The firm had revenue of $36.58 million for the quarter.

Institutional Trading of Ark Restaurants

Several hedge funds and other institutional investors have recently made changes to their positions in ARKR. Empowered Funds LLC grew its stake in shares of Ark Restaurants by 8.1% in the 1st quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock worth $226,000 after buying an additional 1,674 shares during the last quarter. CM Management LLC grew its stake in shares of Ark Restaurants by 12.5% in the 3rd quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock worth $1,602,000 after buying an additional 25,000 shares during the last quarter. Nokomis Capital L.L.C. purchased a new stake in shares of Ark Restaurants in the 3rd quarter worth approximately $148,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Ark Restaurants in the 3rd quarter worth approximately $137,000. Hedge funds and other institutional investors own 31.95% of the company’s stock.

Ark Restaurants Company Profile

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.