Ark Restaurants (NASDAQ:ARKR) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Ark Restaurants Corp. (NASDAQ:ARKR)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.58 and traded as low as $6.15. Ark Restaurants shares last traded at $6.57, with a volume of 100,395 shares trading hands.

Analyst Ratings Changes

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

Ark Restaurants Stock Up 3.1%

The company has a market cap of $23.72 million, a P/E ratio of -2.07 and a beta of 0.46. The stock has a 50-day moving average of $6.99 and a two-hundred day moving average of $7.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.68 and a current ratio of 0.77.

Ark Restaurants (NASDAQ:ARKR) last posted its quarterly earnings results on Monday, December 15th. The restaurant operator reported ($0.53) EPS for the quarter. The business had revenue of $37.32 million for the quarter. Ark Restaurants had a negative return on equity of 18.53% and a negative net margin of 6.92%.During the same quarter in the previous year, the business earned ($1.24) earnings per share.

Institutional Trading of Ark Restaurants

Several institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP bought a new position in shares of Ark Restaurants during the third quarter valued at about $137,000. Nokomis Capital L.L.C. purchased a new stake in Ark Restaurants during the 3rd quarter valued at about $148,000. Empowered Funds LLC grew its position in Ark Restaurants by 8.1% during the 1st quarter. Empowered Funds LLC now owns 22,383 shares of the restaurant operator’s stock worth $226,000 after acquiring an additional 1,674 shares during the last quarter. Finally, CM Management LLC increased its stake in Ark Restaurants by 12.5% in the 3rd quarter. CM Management LLC now owns 225,000 shares of the restaurant operator’s stock worth $1,602,000 after purchasing an additional 25,000 shares during the period. 31.95% of the stock is currently owned by hedge funds and other institutional investors.

Ark Restaurants Company Profile

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.