ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.71 and traded as low as $2.78. ONE Group Hospitality shares last traded at $2.83, with a volume of 85,965 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on STKS. Wedbush dropped 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 report on Monday, November 11th. Stephens reaffirmed an “overweight” rating and set a $6.00 price target on shares of ONE Group Hospitality in a report on Monday, December 9th.

ONE Group Hospitality Trading Down 2.4 %

The firm has a market capitalization of $87.32 million, a P/E ratio of -3.54 and a beta of 2.37. The business’s 50 day moving average is $3.19 and its two-hundred day moving average is $3.71. The company has a quick ratio of 0.44, a current ratio of 0.52 and a debt-to-equity ratio of 6.73.

ONE Group Hospitality (NASDAQ:STKS) last issued its quarterly earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The company had revenue of $193.98 million during the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a positive return on equity of 15.75% and a negative net margin of 2.45%. Analysts expect that The ONE Group Hospitality, Inc. will post 0.04 EPS for the current year.

Hedge Funds Weigh In On ONE Group Hospitality

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nantahala Capital Management LLC boosted its stake in ONE Group Hospitality by 119.6% during the second quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after buying an additional 654,818 shares in the last quarter. Meros Investment Management LP lifted its holdings in ONE Group Hospitality by 1.6% in the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock valued at $2,960,000 after acquiring an additional 10,954 shares during the last quarter. American Century Companies Inc. grew its stake in shares of ONE Group Hospitality by 60.0% in the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock worth $1,308,000 after purchasing an additional 115,394 shares during the last quarter. Zacks Investment Management raised its holdings in shares of ONE Group Hospitality by 10.0% in the 3rd quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock worth $883,000 after purchasing an additional 21,855 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its stake 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 purchasing an additional 27,354 shares during the last quarter. 29.14% of the stock is owned by institutional investors.

ONE Group Hospitality Company Profile

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.