Ark Restaurants (NASDAQ:ARKR) Stock Price Crosses Above 200 Day Moving Average of $16.53

Ark Restaurants Corp. (NASDAQ:ARKR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.53 and traded as high as $17.45. Ark Restaurants shares last traded at $17.32, with a volume of 3,735 shares trading hands.

The firm’s 50-day simple moving average is $16.98 and its 200 day simple moving average is $16.53. The company has a market cap of $61.52 million, a P/E ratio of 4.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.97 and a current ratio of 1.08.

Several hedge funds have recently made changes to their positions in ARKR. Advisory Services Network LLC acquired a new position in shares of Ark Restaurants in the 2nd quarter valued at $107,000. Dimensional Fund Advisors LP grew its holdings in shares of Ark Restaurants by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 132,490 shares of the restaurant operator’s stock valued at $2,617,000 after buying an additional 4,371 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Ark Restaurants in the 2nd quarter valued at $109,000. Wells Fargo & Company MN boosted its stake in Ark Restaurants by 25.4% in the 2nd quarter. Wells Fargo & Company MN now owns 6,066 shares of the restaurant operator’s stock worth $120,000 after purchasing an additional 1,229 shares during the period. Finally, CM Management LLC boosted its stake in Ark Restaurants by 13.0% in the 3rd quarter. CM Management LLC now owns 130,000 shares of the restaurant operator’s stock worth $2,040,000 after purchasing an additional 15,000 shares during the period. 14.48% of the stock is owned by institutional investors.

Ark Restaurants Company Profile (NASDAQ:ARKR)

Ark Restaurants Corp. owns and operates restaurants and bars, fast food concepts and catering operations in the U.S. It operates in New York City, Florida, Washington, D.C, Las Vegas, NV and the gulf coast of Alabama. The company was founded in January 1983 and is headquartered in New York, NY.

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