ONE Group Hospitality (NASDAQ:STKS) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.79 and traded as low as $2.81. ONE Group Hospitality shares last traded at $2.85, with a volume of 17,671 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STKS. Wedbush decreased their target price on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Stephens restated an “overweight” rating and issued a $6.00 price objective on shares of ONE Group Hospitality in a research report on Monday, December 9th.

ONE Group Hospitality Stock Down 0.3 %

The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73. The company has a fifty day simple moving average of $3.29 and a 200 day simple moving average of $3.79. The firm has a market capitalization of $87.93 million, a P/E ratio of -3.56 and a beta of 2.37.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. The firm had revenue of $193.98 million for the quarter, compared to analysts’ expectations of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. On average, equities analysts expect that The ONE Group Hospitality, Inc. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On ONE Group Hospitality

Several large investors have recently bought and sold shares of the business. Stoneridge Investment Partners LLC bought a new stake in ONE Group Hospitality in the 3rd quarter worth approximately $44,000. GSA Capital Partners LLP purchased a new position in shares of ONE Group Hospitality in the 3rd quarter worth $54,000. Barclays PLC grew its holdings in shares of ONE Group Hospitality by 94.4% in the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after acquiring an additional 22,580 shares during the period. Panagora Asset Management Inc. increased its position in ONE Group Hospitality by 79.5% during the second quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock valued at $263,000 after acquiring an additional 27,354 shares during the last quarter. Finally, Zacks Investment Management lifted its holdings in ONE Group Hospitality by 10.0% in the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after acquiring an additional 21,855 shares during the period. 29.14% of the stock is currently owned by institutional investors.

About ONE Group Hospitality

The ONE Group Hospitality, Inc, a restaurant company, develops, owns, operates, manages, and licenses restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.