OFA Group (NASDAQ:OFAL) Trading Down 11.4% – Here’s Why

OFA Group (NASDAQ:OFALGet Free Report) fell 11.4% on Tuesday . The company traded as low as $0.4250 and last traded at $0.4899. 510,241 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 358,543 shares. The stock had previously closed at $0.5529.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of OFA Group in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Get Our Latest Report on OFA Group

OFA Group Trading Down 11.4%

The company has a 50 day moving average of $0.57 and a 200 day moving average of $0.60.

OFA Group (NASDAQ:OFALGet Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.14) EPS for the quarter. The company had revenue of $0.32 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in OFA Group stock. Virtu Financial LLC acquired a new position in shares of OFA Group (NASDAQ:OFALFree Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group as of its most recent filing with the SEC.

About OFA Group

(Get Free Report)

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.

See Also

Receive News & Ratings for OFA Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OFA Group and related companies with MarketBeat.com's FREE daily email newsletter.