StockNews.com Initiates Coverage on Ark Restaurants (NASDAQ:ARKR)

Investment analysts at StockNews.com assumed coverage on shares of Ark Restaurants (NASDAQ:ARKR) in a note issued to investors on Thursday. The firm set a “buy” rating on the restaurant operator’s stock.

Separately, TheStreet raised shares of Ark Restaurants from a “d+” rating to a “c” rating in a research note on Thursday, March 14th.

Ark Restaurants Stock Performance

Ark Restaurants stock opened at $13.63 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.79 and a quick ratio of 0.68. Ark Restaurants has a 12 month low of $10.27 and a 12 month high of $18.75. The company has a fifty day moving average price of $13.96 and a two-hundred day moving average price of $14.59. The company has a market cap of $49.12 million, a PE ratio of -7.79 and a beta of 0.99.

Ark Restaurants (NASDAQ:ARKR) last issued its quarterly earnings data on Monday, February 12th. The restaurant operator reported $0.38 EPS for the quarter. Ark Restaurants had a positive return on equity of 2.77% and a negative net margin of 3.40%. The firm had revenue of $47.49 million during the quarter.

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.