ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.21 and traded as high as $3.34. ONE Group Hospitality shares last traded at $3.17, with a volume of 157,024 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STKS. Stephens restated an “overweight” rating and issued a $6.00 price objective on shares of ONE Group Hospitality in a research note on Monday, January 13th. Wedbush dropped their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a research report on Monday, November 11th.

ONE Group Hospitality Trading Down 0.9 %

The firm has a market cap of $97.79 million, a P/E ratio of -3.96 and a beta of 2.42. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 6.73. The company’s fifty day moving average price is $3.21 and its two-hundred day moving average price is $3.48.

Institutional Trading of ONE Group Hospitality

Several large investors have recently added to or reduced their stakes in STKS. Stoneridge Investment Partners LLC boosted its stake in ONE Group Hospitality by 22.6% in the fourth quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock worth $42,000 after purchasing an additional 2,684 shares in the last quarter. JPMorgan Chase & Co. lifted its position in ONE Group Hospitality by 53.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock worth $58,000 after buying an additional 5,497 shares in the last quarter. GSA Capital Partners LLP bought a new stake in ONE Group Hospitality during the 3rd quarter worth about $54,000. Zacks Investment Management increased its position in ONE Group Hospitality by 10.0% in the 3rd 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 in the last quarter. Finally, Barclays PLC raised its stake 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 last quarter. 29.14% of the stock is 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.