Ark Restaurants (NASDAQ:ARKR) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Ark Restaurants Corp. (NASDAQ:ARKR) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $4.74 and traded as high as $5.11. Ark Restaurants shares last traded at $5.01, with a volume of 10,395 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.

Ark Restaurants Price Performance

The firm has a fifty day simple moving average of $4.74 and a 200 day simple moving average of $6.02. The company has a market capitalization of $18.09 million, a PE ratio of -5.69 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.68 and a current ratio of 0.78.

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

Insider Transactions at Ark Restaurants

In other Ark Restaurants news, CEO Michael Lawrence Weinstein sold 176,701 shares of the stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $4.57, for a total transaction of $807,523.57. Following the transaction, the chief executive officer directly owned 856,111 shares in the company, valued at $3,912,427.27. This represents a 17.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 37.46% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ark Restaurants

A hedge fund recently bought a new position in Ark Restaurants stock. Empowered Funds LLC acquired a new stake in shares of Ark Restaurants Corp. (NASDAQ:ARKR) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 23,300 shares of the restaurant operator’s stock, valued at approximately $137,000. Empowered Funds LLC owned approximately 0.65% of Ark Restaurants as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 31.95% of the company’s stock.

About Ark Restaurants

Ark Restaurants Corp. owns and operates a portfolio of restaurants, bars and other food-service venues in the United States. Its establishments span a range of dining formats, including full-service restaurants, casual dining locations, steakhouses, bars and limited-service food concepts. The company serves a variety of cuisines and customer segments, from everyday dining to destination and entertainment-oriented venues.

Ark Restaurants’ operations have historically been concentrated in major hospitality and tourism markets, including New York City, Washington, DC, and Las Vegas, Nevada, with additional locations in other U.S.