One Group Hospitality Inc (OTCMKTS:STKS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Wednesday.

According to Zacks, “The ONE Group Hospitality, Inc. operates as a hospitality company. The Company develops, manages and operates a portfolio of high-energy restaurants, lounges and bars. It also provides food and beverage hospitality solutions. The Company’s primary restaurant brand is STK, which is a steakhouse concept with locations in metropolitan cities throughout the United States and in London. It provides ONE Hospitality, a signature turn-key food and beverage service for hospitality venues including, hotels, casinos and other high-end locations both nationally and internationally. The ONE Group Hospitality, Inc. is headquartered in New York. “

One Group Hospitality (OTCMKTS:STKS) opened at 2.4299 on Wednesday. The company’s market cap is $60.72 million. One Group Hospitality has a 1-year low of $2.22 and a 1-year high of $3.70. The stock’s 50 day moving average price is $2.43 and its 200 day moving average price is $2.51.

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One Group Hospitality (OTCMKTS:STKS) last released its quarterly earnings results on Monday, August 15th. The company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by $0.10. The company earned $17.23 million during the quarter, compared to the consensus estimate of $18.30 million. On average, equities analysts anticipate that One Group Hospitality will post $0.03 earnings per share for the current fiscal year.

About One Group Hospitality

The ONE Group Hospitality, Inc, formerly Committed Capital Acquisition Corporation, is a hospitality company. The Company develops, owns and operates restaurants and lounges, and provides food and beverage services for hospitality venues, including hotels, casinos and other locations across the globe.

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