Ark Restaurants (NASDAQ:ARKR – Get Free Report) posted its quarterly earnings data on Monday. The restaurant operator reported $0.06 EPS for the quarter, Zacks reports. Ark Restaurants had a negative net margin of 5.31% and a positive return on equity of 0.14%.
Ark Restaurants Trading Down 14.2 %
NASDAQ:ARKR traded down $1.91 during midday trading on Monday, reaching $11.57. The company had a trading volume of 5,740 shares, compared to its average volume of 5,082. The firm has a market capitalization of $41.70 million, a price-to-earnings ratio of -4.42 and a beta of 0.98. The stock’s fifty day simple moving average is $11.32 and its 200-day simple moving average is $12.43. Ark Restaurants has a 12-month low of $9.75 and a 12-month high of $16.25.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of Ark Restaurants in a report on Friday. They set a “buy” rating on the stock.
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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