Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.40 and traded as low as $3.15. ONE Group Hospitality shares last traded at $3.15, with a volume of 92,450 shares traded.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the company. Stephens restated an "overweight" rating and issued a $6.00 target price on shares of ONE Group Hospitality in a research note on Monday, January 13th. Wedbush reduced their target price on ONE Group Hospitality from $5.00 to $3.50 and set a "neutral" rating for the company in a research note on Monday, November 11th.
View Our Latest Stock Report on STKS
ONE Group Hospitality Price Performance
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 stock has a market capitalization of $95.33 million, a price-to-earnings ratio of -3.86 and a beta of 2.42. The stock has a 50-day moving average price of $3.20 and a 200 day moving average price of $3.39.
Institutional Investors Weigh In On ONE Group Hospitality
Several institutional investors have recently bought and sold shares of STKS. McGowan Group Asset Management Inc. acquired a new stake in ONE Group Hospitality in the 4th quarter worth about $2,204,000. Nantahala Capital Management LLC raised its position in shares of ONE Group Hospitality by 23.9% during the 4th quarter. Nantahala Capital Management LLC now owns 2,087,394 shares of the restaurant operator's stock valued at $6,053,000 after buying an additional 403,321 shares during the period. CastleKnight Management LP raised its position in shares of ONE Group Hospitality by 9.4% during the 4th quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator's stock valued at $3,399,000 after buying an additional 100,300 shares during the period. Repertoire Partners LP purchased a new stake in shares of ONE Group Hospitality during the 4th quarter valued at approximately $221,000. Finally, JPMorgan Chase & Co. raised its position in shares of ONE Group Hospitality by 430.8% during the 4th quarter. JPMorgan Chase & Co. now owns 83,411 shares of the restaurant operator's stock valued at $242,000 after buying an additional 67,698 shares during the period. 29.14% of the stock is currently owned by institutional investors and hedge funds.
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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