ONE Group Hospitality (NASDAQ:STKS) Shares Cross Below 50 Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.56 and traded as low as $3.35. ONE Group Hospitality shares last traded at $3.43, with a volume of 67,819 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STKS shares. Stephens reaffirmed an “overweight” rating and set a $9.00 price target on shares of ONE Group Hospitality in a research report on Wednesday, August 7th. StockNews.com cut shares of ONE Group Hospitality from a “hold” rating to a “sell” rating in a report on Friday, August 9th.

ONE Group Hospitality Stock Performance

The company has a debt-to-equity ratio of 5.03, a current ratio of 0.63 and a quick ratio of 0.55. The firm has a 50-day moving average price of $3.56 and a 200 day moving average price of $4.32.

ONE Group Hospitality (NASDAQ:STKS) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. ONE Group Hospitality had a positive return on equity of 14.71% and a negative net margin of 1.76%. The company had revenue of $172.49 million during the quarter, compared to the consensus estimate of $178.22 million. During the same quarter last year, the firm earned $0.06 earnings per share. On average, analysts anticipate that The ONE Group Hospitality, Inc. will post 0.5 EPS for the current year.

Institutional Trading of ONE Group Hospitality

Institutional investors have recently bought and sold shares of the business. Stoneridge Investment Partners LLC bought a new position in shares of ONE Group Hospitality during the third quarter worth approximately $44,000. Legato Capital Management LLC acquired a new position in ONE Group Hospitality in the 2nd quarter valued at $45,000. Panagora Asset Management Inc. lifted its position in shares of ONE Group Hospitality by 79.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 61,777 shares of the restaurant operator’s stock valued at $263,000 after acquiring an additional 27,354 shares during the period. GSA Capital Partners LLP grew its holdings in shares of ONE Group Hospitality by 124.8% during the 1st quarter. GSA Capital Partners LLP now owns 104,257 shares of the restaurant operator’s stock worth $581,000 after purchasing an additional 57,878 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of ONE Group Hospitality by 60.0% in the second 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 period. Institutional investors own 29.14% of the company’s stock.

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.