Ark Restaurants (NASDAQ:ARKR) Shares Pass Below 200 Day Moving Average – Time to Sell?

Ark Restaurants Corp. (NASDAQ:ARKR) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.93 and traded as low as $6.75. Ark Restaurants shares last traded at $6.75, with a volume of 953 shares traded.

Analyst Ratings Changes

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

Ark Restaurants Stock Up 2.2%

The company has a debt-to-equity ratio of 0.06, a current ratio of 0.76 and a quick ratio of 0.67. The firm has a market capitalization of $24.91 million, a P/E ratio of -1.81 and a beta of 0.37. The firm’s fifty day moving average price is $6.81 and its 200-day moving average price is $6.92.

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

Institutional Trading of Ark Restaurants

Several institutional investors have recently modified their holdings of ARKR. Empowered Funds LLC grew its holdings in Ark Restaurants by 8.1% during the first 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 period. CM Management LLC lifted its holdings 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 acquiring an additional 25,000 shares during the last quarter. Nokomis Capital L.L.C. bought a new position in shares of Ark Restaurants during the 3rd quarter valued at about $148,000. Finally, Susquehanna International Group LLP bought a new position in shares of Ark Restaurants during the 3rd quarter valued at about $137,000. Institutional investors and hedge funds own 31.95% of the company’s stock.

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.