OneConstruction Group (NASDAQ:ONEG) Trading 13% Higher – Should You Buy?

OneConstruction Group Limited (NASDAQ:ONEG)’s share price traded up 13% during mid-day trading on Tuesday . The company traded as high as $1.36 and last traded at $1.30. 99,720 shares were traded during mid-day trading, a decline of 81% from the average session volume of 537,805 shares. The stock had previously closed at $1.15.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ONEG shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneConstruction Group in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of OneConstruction Group to a “hold” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, OneConstruction Group has a consensus rating of “Sell”.

OneConstruction Group Trading Up 13.0%

The stock has a fifty day simple moving average of $7.71 and a two-hundred day simple moving average of $7.75.

OneConstruction Group Company Profile

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.