Ark Restaurants (NASDAQ:ARKR) Shares Pass Below 200-Day Moving Average – Should You Sell?

Ark Restaurants Corp. (NASDAQ:ARKR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.80 and traded as low as $6.81. Ark Restaurants shares last traded at $6.98, with a volume of 5,684 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ark Restaurants in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ark Restaurants currently has a consensus rating of “Sell”.

Ark Restaurants Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.79 and a current ratio of 0.88. The company’s fifty day simple moving average is $7.14 and its two-hundred day simple moving average is $8.80. The stock has a market capitalization of $25.20 million, a PE ratio of -1.79 and a beta of 0.78.

Ark Restaurants (NASDAQ:ARKR) last posted its earnings results on Monday, August 11th. The restaurant operator reported $0.07 earnings per share for the quarter. Ark Restaurants had a negative net margin of 8.15% and a negative return on equity of 11.48%. The firm had revenue of $43.72 million during the quarter.

Institutional Investors Weigh In On Ark Restaurants

An institutional investor recently raised its position in Ark Restaurants stock. Empowered Funds LLC grew its position in shares of Ark Restaurants Corp. (NASDAQ:ARKR) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,383 shares of the restaurant operator’s stock after purchasing an additional 1,674 shares during the period. Empowered Funds LLC owned 0.62% of Ark Restaurants worth $226,000 at the end of the most recent quarter. Institutional investors own 31.95% of the company’s 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.