Ark Restaurants (NASDAQ:ARKR – Get Free Report) released its quarterly earnings data on Monday. The restaurant operator reported $0.06 earnings per share 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 Stock Performance
Shares of ARKR traded down $1.47 during mid-day trading on Monday, hitting $12.01. 5,740 shares of the company were exchanged, compared to its average volume of 5,082. Ark Restaurants has a 1-year low of $9.75 and a 1-year high of $16.25. The stock has a market cap of $43.28 million, a price-to-earnings ratio of -4.77 and a beta of 0.98. The company has a 50 day moving average of $11.32 and a 200-day moving average of $12.43.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on Ark Restaurants in a research report on Friday. They issued a “buy” rating for the company.
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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