The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 changing hands.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Stephens reiterated an "overweight" rating and set a $6.00 price objective on shares of ONE Group Hospitality in a research report on Monday, January 13th. Wedbush reduced their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a "neutral" rating on the stock in a research report on Monday, November 11th.
Get Our Latest Stock Analysis on ONE Group Hospitality
ONE Group Hospitality Price Performance
The company has a debt-to-equity ratio of 6.73, a current ratio of 0.52 and a quick ratio of 0.44. The firm has a market cap of $99.34 million, a P/E ratio of -4.03 and a beta of 2.42. The stock's 50-day simple moving average is $3.20 and its two-hundred day simple moving average is $3.44.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. GSA Capital Partners LLP purchased a new stake in shares of ONE Group Hospitality during the third quarter valued at $54,000. JPMorgan Chase & Co. boosted its stake in shares of ONE Group Hospitality by 53.8% during the third quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 5,497 shares during the period. Barclays PLC boosted its stake in shares of ONE Group Hospitality by 94.4% during the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator's stock valued at $171,000 after purchasing an additional 22,580 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of ONE Group Hospitality during the third quarter valued at $44,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of ONE Group Hospitality during the fourth quarter valued at $72,000. Institutional investors own 29.14% of the company's stock.
ONE Group Hospitality Company Profile
(
Get Free Report)
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.
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