ONE Group Hospitality (NASDAQ:STKS) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.31 and traded as low as $1.91. ONE Group Hospitality shares last traded at $2.23, with a volume of 19,094 shares.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Lake Street Capital cut their price objective on shares of ONE Group Hospitality from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, January 16th. Weiss Ratings restated a “sell (d-)” rating on shares of ONE Group Hospitality in a research note on Thursday, January 22nd. Finally, Zacks Research raised shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $4.50.

ONE Group Hospitality Price Performance

The stock has a fifty day moving average of $2.06 and a 200 day moving average of $2.31. The stock has a market cap of $69.35 million, a price-to-earnings ratio of -0.60, a P/E/G ratio of 0.26 and a beta of 1.65. The company has a debt-to-equity ratio of 16.52, a current ratio of 0.35 and a quick ratio of 0.29.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its position in ONE Group Hospitality by 18.7% during the fourth quarter. Bank of America Corp DE now owns 34,782 shares of the restaurant operator’s stock valued at $101,000 after purchasing an additional 5,477 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of ONE Group Hospitality during the 2nd quarter valued at about $274,000. AdvisorShares Investments LLC purchased a new position in shares of ONE Group Hospitality during the 2nd quarter valued at about $170,000. Empirical Finance LLC acquired a new position in shares of ONE Group Hospitality in the 2nd quarter valued at about $63,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of ONE Group Hospitality in the second quarter worth about $100,000. Hedge funds and other institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

ONE Group Hospitality Inc is a full-service hospitality company primarily engaged in the development, ownership and operation of upscale restaurant and lounge concepts. The company’s flagship brand, STK, combines a modern steakhouse menu with a high-energy lounge atmosphere, offering signature cuts of beef, fresh seafood, sushi selections, craft cocktails and an extensive wine program. ONE Group’s concept emphasizes a seamless blend of fine dining and nightlife, catering to guests seeking both culinary excellence and an immersive social experience.

Headquartered in El Segundo, California, ONE Group deploys a mixed model of company-owned and franchised locations across multiple markets.