OFA Group (NASDAQ:OFAL) Announces Earnings Results

OFA Group (NASDAQ:OFAL) posted its earnings results on Friday. The company reported ($0.72) earnings per share (EPS) for the quarter, Zacks reports.

OFA Group Price Performance

Shares of OFAL traded down $0.54 on Friday, reaching $1.09. 2,652,253 shares of the company’s stock traded hands, compared to its average volume of 1,406,228. The stock’s 50 day simple moving average is $1.60 and its two-hundred day simple moving average is $3.78. OFA Group has a 52-week low of $0.58 and a 52-week high of $17.50. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.49 and a current ratio of 0.49.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of OFA Group in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On OFA Group

A hedge fund recently bought a new position in OFA Group stock. Virtu Financial LLC purchased a new position in OFA Group (NASDAQ:OFAL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned about 0.27% of OFA Group as of its most recent filing with the Securities and Exchange Commission.

OFA Group Company Profile

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.