Ark Restaurants (NASDAQ:ARKR – Get Free Report) posted its quarterly earnings results on Monday. The restaurant operator reported $0.18 earnings per share for the quarter, Zacks reports. Ark Restaurants had a negative net margin of 2.12% and a positive return on equity of 5.68%.
Ark Restaurants Stock Performance
Shares of Ark Restaurants stock opened at $12.53 on Wednesday. Ark Restaurants has a 52-week low of $9.75 and a 52-week high of $17.76. The company’s 50 day moving average price is $13.01 and its 200-day moving average price is $12.13.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Ark Restaurants in a report on Friday, February 7th. They issued a “buy” rating on the stock.
About Ark Restaurants
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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