ONE Group Hospitality (NASDAQ:STKS) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.40 and traded as low as $3.15. ONE Group Hospitality shares last traded at $3.15, with a volume of 92,450 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wedbush reduced their price target on 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 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 stock’s 50-day moving average price is $3.20 and its 200 day moving average price is $3.40. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.44 and a current ratio of 0.52.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Stoneridge Investment Partners LLC grew its position in shares of ONE Group Hospitality by 22.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 14,574 shares of the restaurant operator’s stock worth $42,000 after buying an additional 2,684 shares in the last quarter. Barclays PLC lifted its stake in ONE Group Hospitality by 6.7% in the fourth quarter. Barclays PLC now owns 49,634 shares of the restaurant operator’s stock worth $143,000 after acquiring an additional 3,126 shares during the period. Wells Fargo & Company MN lifted its stake in ONE Group Hospitality by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 9,732 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 3,316 shares during the period. Bank of America Corp DE grew its holdings in ONE Group Hospitality by 18.7% during the 4th quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock worth $101,000 after acquiring an additional 5,477 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in ONE Group Hospitality by 53.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,713 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 5,497 shares during the period. 29.14% of the stock is currently owned by hedge funds and other 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.