StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR – Free Report) in a research note published on Monday. The firm issued a buy rating on the restaurant operator’s stock.
Ark Restaurants Stock Up 2.4 %
Ark Restaurants stock opened at $11.80 on Monday. The company has a fifty day simple moving average of $12.71 and a 200-day simple moving average of $13.64. The firm has a market capitalization of $42.53 million, a price-to-earnings ratio of -5.84 and a beta of 1.01. 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 announced its quarterly earnings data on Monday, August 12th. The restaurant operator reported $0.72 earnings per share (EPS) 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%.
Hedge Funds Weigh In On 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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