The ONE Group Hospitality, Inc. (NASDAQ:STKS - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.38 and traded as low as $3.11. ONE Group Hospitality shares last traded at $3.16, with a volume of 36,464 shares traded.
Wall Street Analyst Weigh In
STKS has been the subject of several recent research reports. Stephens reissued an "overweight" rating and set a $6.00 target price on shares of ONE Group Hospitality in a research report on Monday, January 13th. Wedbush decreased their target price 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.
View Our Latest Stock Report on ONE Group Hospitality
ONE Group Hospitality Stock Down 6.6 %
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's 50-day simple moving average is $3.25 and its 200-day simple moving average is $3.37. The firm has a market capitalization of $91.94 million, a P/E ratio of -3.73 and a beta of 2.42.
Institutional Investors Weigh In On ONE Group Hospitality
A number of institutional investors have recently added to or reduced their stakes in the company. Stoneridge Investment Partners LLC bought a new position in shares of ONE Group Hospitality during the 3rd quarter valued at approximately $44,000. GSA Capital Partners LLP bought a new position in shares of ONE Group Hospitality during the 3rd quarter valued at approximately $54,000. Zacks Investment Management grew its position in shares of ONE Group Hospitality by 10.0% during 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 during the period. Barclays PLC grew its position in shares of ONE Group Hospitality by 94.4% during the 3rd quarter. Barclays PLC now owns 46,508 shares of the restaurant operator's stock valued at $171,000 after acquiring an additional 22,580 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of ONE Group Hospitality by 53.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator's stock valued at $58,000 after acquiring an additional 5,497 shares during the period. 29.14% of the stock is owned by institutional investors.
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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