OneConstruction Group (NASDAQ:ONEG) Stock Price Down 9.6% – Here’s What Happened

OneConstruction Group Limited (NASDAQ:ONEG)’s stock price was down 9.6% during trading on Friday. The company traded as low as $0.81 and last traded at $0.8140. Approximately 50,371 shares traded hands during mid-day trading, an increase of 47% from the average daily volume of 34,360 shares. The stock had previously closed at $0.90.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised OneConstruction Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has an average rating of “Sell”.

OneConstruction Group Trading Down 9.6%

The company has a 50-day moving average price of $1.00 and a 200 day moving average price of $1.72. The company has a debt-to-equity ratio of 78.83, a current ratio of 2.54 and a quick ratio of 2.54.

OneConstruction Group (NASDAQ:ONEG) last announced its quarterly earnings data on Thursday, July 23rd. The company reported ($0.42) earnings per share (EPS) for the quarter. The business had revenue of $10.80 million for the quarter.

OneConstruction Group Company Profile

OneConstruction Group (NASDAQ: ONEG) is a construction services company focused on projects in Hong Kong. Through its operating subsidiaries, the company provides reinforced-concrete and other construction-related services for building and civil engineering projects.

Its work may include activities such as steel reinforcement, formwork, concrete construction and associated site services. OneConstruction Group serves contractors and project owners involved in residential, commercial, institutional and other construction developments.

The company is incorporated in the Cayman Islands and conducts its primary operating activities in Hong Kong.