ONE Group Hospitality (NASDAQ:STKS) Share Price Crosses Below 200 Day Moving Average – What’s Next?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.71 and traded as low as $2.78. ONE Group Hospitality shares last traded at $2.83, with a volume of 85,965 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently commented on STKS shares. Wedbush reduced their price objective on shares of ONE Group Hospitality from $5.00 to $3.50 and set a “neutral” rating for the company in a report on Monday, November 11th. Stephens reissued an “overweight” rating and issued a $6.00 target price on shares of ONE Group Hospitality in a report on Monday, December 9th.

ONE Group Hospitality Price Performance

The stock has a fifty day moving average of $3.18 and a two-hundred day moving average of $3.70. 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 stock has a market capitalization of $90.09 million, a price-to-earnings ratio of -3.65 and a beta of 2.38.

ONE Group Hospitality (NASDAQ:STKS) last announced its earnings results on Thursday, November 7th. The restaurant operator reported ($0.30) earnings per share for the quarter. The business had revenue of $193.98 million during the quarter, compared to analyst estimates of $217.95 million. ONE Group Hospitality had a negative net margin of 2.45% and a positive return on equity of 15.75%. As a group, equities research analysts forecast that The ONE Group Hospitality, Inc. will post 0.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STKS. Nantahala Capital Management LLC lifted its position in ONE Group Hospitality by 119.6% during the 2nd quarter. Nantahala Capital Management LLC now owns 1,202,528 shares of the restaurant operator’s stock valued at $5,111,000 after purchasing an additional 654,818 shares during the period. GSA Capital Partners LLP acquired a new stake in ONE Group Hospitality during the 3rd quarter worth $54,000. American Century Companies Inc. lifted its stake in shares of ONE Group Hospitality by 60.0% in the 2nd quarter. American Century Companies Inc. now owns 307,841 shares of the restaurant operator’s stock valued at $1,308,000 after purchasing an additional 115,394 shares during the period. Meros Investment Management LP boosted its position in shares of ONE Group Hospitality by 1.6% in the 2nd quarter. Meros Investment Management LP now owns 696,382 shares of the restaurant operator’s stock worth $2,960,000 after purchasing an additional 10,954 shares during the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of ONE Group Hospitality during the third quarter worth $44,000. Institutional investors and hedge funds own 29.14% of the company’s stock.

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.