ONE Group Hospitality (NASDAQ:STKS) Share Price Passes Below 200-Day Moving Average – Time to Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.87 and traded as low as $1.65. ONE Group Hospitality shares last traded at $1.66, with a volume of 9,674 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STKS shares. Weiss Ratings upgraded ONE Group Hospitality from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Zacks Research cut ONE Group Hospitality from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Piper Sandler decreased their target price on ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $4.00.

ONE Group Hospitality Stock Performance

The firm’s 50 day moving average is $1.83 and its 200-day moving average is $1.87. The company has a market cap of $52.61 million, a PE ratio of -0.44 and a beta of 1.36.

Institutional Trading of ONE Group Hospitality

Large investors have recently added to or reduced their stakes in the stock. Nantahala Capital Management LLC purchased a new stake in shares of ONE Group Hospitality in the 2nd quarter valued at approximately $4,263,379,000. BlackRock Inc. purchased a new stake in shares of ONE Group Hospitality during the 2nd quarter valued at approximately $905,000. Jane Street Group LLC lifted its holdings in ONE Group Hospitality by 423.5% in the second quarter. Jane Street Group LLC now owns 101,174 shares of the restaurant operator’s stock valued at $410,000 after acquiring an additional 81,848 shares during the last quarter. Piedmont Capital Management LLC NC purchased a new position in ONE Group Hospitality in the fourth quarter worth approximately $104,000. Finally, CastleKnight Management LP grew its position in ONE Group Hospitality by 4.7% in the fourth quarter. CastleKnight Management LP now owns 1,286,991 shares of the restaurant operator’s stock worth $2,252,000 after acquiring an additional 58,015 shares during the period. 29.14% of the stock is currently owned by hedge funds and other institutional investors.

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.