OneConstruction Group (NASDAQ:ONEG) Trading 1% Higher – Still a Buy?

OneConstruction Group Limited (NASDAQ:ONEGGet Free Report)’s share price shot up 1% during mid-day trading on Wednesday . The stock traded as high as $1.0434 and last traded at $1.03. Approximately 54,882 shares were traded during trading, an increase of 25% from the average daily volume of 43,828 shares. The stock had previously closed at $1.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of OneConstruction Group from a “sell (d)” rating to a “sell (e+)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Check Out Our Latest Analysis on ONEG

OneConstruction Group Stock Performance

The stock has a fifty day moving average of $1.19 and a two-hundred day moving average of $2.13. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 78.83.

OneConstruction Group (NASDAQ:ONEGGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The company reported ($0.42) earnings per share for the quarter. The firm had revenue of $10.80 million during the quarter.

Institutional Trading of OneConstruction Group

A hedge fund recently bought a new stake in OneConstruction Group stock. XTX Topco Ltd acquired a new position in shares of OneConstruction Group Limited (NASDAQ:ONEGFree Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.18% of OneConstruction Group at the end of the most recent reporting period.

OneConstruction Group Company Profile

(Get Free Report)

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.

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