Ark Restaurants (NASDAQ:ARKR) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a note issued to investors on Friday. The firm set a “buy” rating on the restaurant operator’s stock.

Separately, TheStreet upgraded Ark Restaurants from a “d+” rating to a “c” rating in a research note on Thursday, March 14th.

Ark Restaurants Stock Down 1.0 %

NASDAQ:ARKR opened at $13.45 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.68 and a current ratio of 0.79. The company has a market cap of $48.42 million, a PE ratio of -7.69 and a beta of 0.98. Ark Restaurants has a 52-week low of $10.27 and a 52-week high of $18.75. The stock has a 50-day simple moving average of $13.88 and a 200 day simple moving average of $14.53.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings results on Monday, February 12th. The restaurant operator reported $0.38 earnings per share for the quarter. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%. The firm had revenue of $47.49 million during the quarter.

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.