ONE Group Hospitality (NASDAQ:STKS) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.79 and traded as low as $2.81. ONE Group Hospitality shares last traded at $2.85, with a volume of 17,671 shares changing hands.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $6.00 price target on shares of ONE Group Hospitality in a research report on Monday, December 9th. Wedbush reduced their price objective 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.

ONE Group Hospitality Stock 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 company has a market cap of $87.93 million, a P/E ratio of -3.56 and a beta of 2.37. The business’s 50 day simple moving average is $3.29 and its 200 day simple moving average is $3.79.

ONE Group Hospitality (NASDAQ:STKS) last announced its quarterly earnings data on Thursday, November 7th. The restaurant operator reported ($0.30) EPS for the quarter. The firm had revenue of $193.98 million for the quarter, compared to the consensus estimate of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. Sell-side analysts predict that The ONE Group Hospitality, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Trading of ONE Group Hospitality

Several institutional investors and hedge funds have recently added to or reduced their stakes in STKS. Stoneridge Investment Partners LLC bought a new position in ONE Group Hospitality in the 3rd quarter worth approximately $44,000. GSA Capital Partners LLP purchased a new position in ONE Group Hospitality during the 3rd quarter valued at approximately $54,000. Barclays PLC raised its holdings 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 worth $171,000 after acquiring an additional 22,580 shares in the last quarter. Panagora Asset Management Inc. boosted 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 last quarter. Finally, Zacks Investment Management lifted its position in ONE Group Hospitality by 10.0% during the third quarter. Zacks Investment Management now owns 239,837 shares of the restaurant operator’s stock valued at $883,000 after purchasing an additional 21,855 shares during the last quarter. Institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

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.