ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) 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 changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STKS shares. Wedbush decreased their price target on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 11th. Stephens reiterated an “overweight” rating and issued a $6.00 price objective on shares of ONE Group Hospitality in a research report on Monday, January 13th.

ONE Group Hospitality Stock Performance

The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52. The stock has a 50-day moving average of $3.23 and a 200-day moving average of $3.38. The firm has a market cap of $99.35 million, a price-to-earnings ratio of -4.03 and a beta of 2.42.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in STKS. Stoneridge Investment Partners LLC bought a new stake in ONE Group Hospitality during the third quarter worth about $44,000. GSA Capital Partners LLP acquired a new position in ONE Group Hospitality during the third quarter worth $54,000. Zacks Investment Management lifted its stake in ONE Group Hospitality by 10.0% in the third 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 last quarter. Barclays PLC increased its position in ONE Group Hospitality by 94.4% during the third quarter. Barclays PLC now owns 46,508 shares of the restaurant operator’s stock worth $171,000 after buying an additional 22,580 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in ONE Group Hospitality by 53.8% in 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. 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.