Ark Restaurants (NASDAQ:ARKR – Get Free Report) released its 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 Up 2.3 %
ARKR opened at $12.69 on Tuesday. The company has a 50 day moving average of $12.95 and a 200 day moving average of $12.13. Ark Restaurants has a 12 month low of $9.75 and a 12 month high of $17.76.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on shares of Ark Restaurants in a report on Friday. They issued a “buy” rating for the company.
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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