Analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR – Get Free Report) in a note issued to investors on Wednesday. The firm set a “buy” rating on the restaurant operator’s stock.
Ark Restaurants Trading Up 2.4 %
NASDAQ:ARKR opened at $11.78 on Wednesday. The firm has a market capitalization of $42.42 million, a price-to-earnings ratio of -5.83 and a beta of 1.01. The firm’s fifty day simple moving average is $12.28 and its 200 day simple moving average is $13.45. Ark Restaurants has a twelve month low of $10.27 and a twelve month high of $16.25.
Ark Restaurants (NASDAQ:ARKR – Get Free Report) last posted its earnings results on Monday, August 12th. The restaurant operator reported $0.72 earnings per share for the quarter. The business had revenue of $50.40 million for the quarter. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.
Hedge Funds Weigh In On Ark Restaurants
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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