ONE Group Hospitality (NASDAQ:STKS) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.

Analyst Ratings Changes

Several equities research analysts recently commented on STKS shares. Wedbush reduced 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 research report on Monday, November 11th. Stephens reiterated an “overweight” rating and issued a $6.00 target price on shares of ONE Group Hospitality in a report on Monday, January 13th.

ONE Group Hospitality Stock Up 1.9 %

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

Hedge Funds Weigh In On ONE Group Hospitality

Hedge funds have recently bought and sold shares of the business. Nantahala Capital Management LLC grew its position in shares of ONE Group Hospitality by 23.9% in the fourth quarter. Nantahala Capital Management LLC now owns 2,087,394 shares of the restaurant operator’s stock valued at $6,053,000 after purchasing an additional 403,321 shares during the last quarter. CastleKnight Management LP increased its position in shares of ONE Group Hospitality by 9.4% during the 4th quarter. CastleKnight Management LP now owns 1,172,074 shares of the restaurant operator’s stock worth $3,399,000 after purchasing an additional 100,300 shares in the last quarter. McGowan Group Asset Management Inc. acquired a new stake in ONE Group Hospitality during the 4th quarter valued at $2,204,000. Geode Capital Management LLC raised its holdings in shares of ONE Group Hospitality by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 506,337 shares of the restaurant operator’s stock valued at $1,469,000 after buying an additional 8,162 shares during the last quarter. Finally, Zacks Investment Management increased its position in ONE Group Hospitality by 10.0% in 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 in the last quarter. 29.14% of the stock is owned by institutional investors and hedge funds.

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.