Ark Restaurants (NASDAQ:ARKR) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Shares of Ark Restaurants Corp. (NASDAQ:ARKR) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.90 and traded as low as $6.61. Ark Restaurants shares last traded at $6.61, with a volume of 773 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Ark Restaurants in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Ark Restaurants Trading Down 1.5%

The stock has a market capitalization of $24.30 million, a price-to-earnings ratio of -1.77 and a beta of 0.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.67 and a current ratio of 0.76. The firm has a fifty day moving average of $6.83 and a 200-day moving average of $6.90.

Ark Restaurants (NASDAQ:ARKR) last announced its quarterly earnings results on Monday, February 9th. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter. Ark Restaurants had a negative return on equity of 19.82% and a negative net margin of 8.50%.The firm had revenue of $40.75 million during the quarter.

Institutional Trading of Ark Restaurants

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

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.