ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.37 and traded as low as $1.99. ONE Group Hospitality shares last traded at $2.04, with a volume of 16,424 shares trading hands.

Analyst Ratings Changes

STKS has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Thursday, January 22nd. Lake Street Capital lowered their price objective on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, January 16th. Finally, Zacks Research upgraded ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $4.50.

ONE Group Hospitality Price Performance

The firm has a market capitalization of $63.44 million, a P/E ratio of -0.55, a P/E/G ratio of 0.23 and a beta of 1.65. The business’s fifty day moving average is $2.04 and its 200 day moving average is $2.37. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 16.52.

ONE Group Hospitality (NASDAQ:STKS) last posted its quarterly earnings results on Thursday, November 6th. The restaurant operator reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.47). ONE Group Hospitality had a positive return on equity of 181.12% and a negative net margin of 10.21%.The business had revenue of $180.20 million during the quarter, compared to analyst estimates of $191.29 million. As a group, analysts forecast that The ONE Group Hospitality, Inc. will post -0.18 EPS for the current year.

Institutional Trading of ONE Group Hospitality

Institutional investors and hedge funds have recently bought and sold shares of the stock. Empirical Finance LLC acquired a new position in shares of ONE Group Hospitality in the second quarter worth about $63,000. Group One Trading LLC lifted its position in shares of ONE Group Hospitality by 18,965.0% in the 3rd quarter. Group One Trading LLC now owns 19,065 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 18,965 shares in the last quarter. Quadrature Capital Ltd acquired a new position in ONE Group Hospitality in the 2nd quarter worth approximately $100,000. Qube Research & Technologies Ltd acquired a new position in ONE Group Hospitality during the second quarter valued at $132,000. Finally, Squarepoint Ops LLC purchased a new stake in ONE Group Hospitality in the 3rd quarter worth about $97,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

ONE Group Hospitality Company Profile

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.