Ark Restaurants (NASDAQ:ARKR) Stock Price Breaks Below 200 Day Moving Average – What’s Next?

Shares of Ark Restaurants Corp. (NASDAQ:ARKR) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $6.10 and traded as low as $4.56. Ark Restaurants shares last traded at $4.56, with a volume of 2,945 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ark Restaurants in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Ark Restaurants Trading Down 1.1%

The stock has a market capitalization of $16.28 million, a P/E ratio of -5.12 and a beta of 0.35. The business has a 50 day simple moving average of $5.33 and a 200-day simple moving average of $6.09. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.68 and a current ratio of 0.78.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings data on Monday, August 10th. The restaurant operator reported ($0.10) EPS for the quarter. Ark Restaurants had a negative return on equity of 10.61% and a negative net margin of 2.04%.The firm had revenue of $40.88 million during the quarter.

Institutional Investors Weigh In On Ark Restaurants

A hedge fund recently bought a new stake in Ark Restaurants stock. Susquehanna International Group LLP bought a new position in Ark Restaurants Corp. (NASDAQ:ARKR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,745 shares of the restaurant operator’s stock, valued at approximately $81,000. Susquehanna International Group LLP owned approximately 0.38% of Ark Restaurants at the end of the most recent reporting period. 31.95% of the stock is owned by institutional investors and hedge funds.

Ark Restaurants Company Profile

Ark Restaurants Corp. is a restaurant company that owns, operates and develops a portfolio of full-service dining establishments in the United States. Its restaurants span a range of concepts, including casual dining, upscale dining, steakhouses, seafood restaurants, bars and entertainment-oriented venues.

The company’s operations are concentrated in major hospitality and tourism markets, including New York City, Las Vegas and Florida. Its properties generally serve lunch, dinner and beverages, with some locations also offering private dining, catering, banquets and other special-event services.