Somewhat Positive News Coverage Somewhat Unlikely to Impact Ark Restaurants (ARKR) Stock Price
Media coverage about Ark Restaurants (NASDAQ:ARKR) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ark Restaurants earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.7616393224038 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have impacted Accern’s scoring:
- Edited Transcript of ARKR earnings conference call or presentation 14-Aug-18 2:00pm GMT (finance.yahoo.com)
- Ark Restaurants Corp. (ARKR) CEO Michael Weinstein on Q3 2018 Results – Earnings Call Transcript (seekingalpha.com)
- Ark Restaurants (ARKR) Posts Earnings Results (americanbankingnews.com)
- Ark Restaurants Announces Financial Results for the Third Quarter of 2018 (register-herald.com)
- Ark Restaurants: Fiscal 3Q Earnings Snapshot (finance.yahoo.com)
Shares of NASDAQ:ARKR traded up $0.40 on Friday, hitting $22.90. The company had a trading volume of 900 shares, compared to its average volume of 4,758. Ark Restaurants has a 1 year low of $20.20 and a 1 year high of $29.49. The company has a current ratio of 0.32, a quick ratio of 0.25 and a debt-to-equity ratio of 0.16. The stock has a market cap of $69.86 million, a price-to-earnings ratio of 29.36 and a beta of 0.23.
Separately, TheStreet raised shares of Ark Restaurants from a “c+” rating to a “b” rating in a research report on Tuesday, May 22nd.
In other news, insider Paul Gordon sold 19,500 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The shares were sold at an average price of $12.04, for a total value of $234,780.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 43.36% of the company’s stock.
About Ark Restaurants
Ark Restaurants Corp., through its subsidiaries, owns and operates restaurants and bars in the United States. As of September 30, 2017, it owned and/or operated 20 restaurants and bars, including 5 facilities located in New York City; 2 in Washington, DC; 5 in Las Vegas, Nevada; 3 in Atlantic City, New Jersey; 1 in the Faneuil Hall Marketplace in Boston, Massachusetts; 2 on the east coast of Florida; and 2 on the gulf coast of Alabama.
Further Reading: Fundamental Analysis
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