Ark Restaurants (NASDAQ:ARKR) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Ark Restaurants Corp. (NASDAQ:ARKR) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.90 and traded as low as $6.61. Ark Restaurants shares last traded at $6.61, with a volume of 773 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Ark Restaurants Trading Up 0.2%

The company’s 50 day moving average price is $6.82 and its 200 day moving average price is $6.90. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.67. The firm has a market cap of $23.86 million, a PE ratio of -1.73 and a beta of 0.35.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, February 9th. The restaurant operator reported $0.25 EPS for the quarter. Ark Restaurants had a negative net margin of 8.50% and a negative return on equity of 19.82%. The business had revenue of $40.75 million during the quarter.

Institutional Inflows and Outflows

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

About Ark Restaurants

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.