OneConstruction Group (NASDAQ:ONEG) Shares Down 9.6% – Time to Sell?

OneConstruction Group Limited (NASDAQ:ONEG) shares fell 9.6% during mid-day trading on Friday. The stock traded as low as $0.81 and last traded at $0.8140. 50,371 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 34,360 shares. The stock had previously closed at $0.90.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of OneConstruction Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 31st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, OneConstruction Group has an average rating of “Sell”.

OneConstruction Group Stock Performance

The company has a debt-to-equity ratio of 78.83, a current ratio of 2.54 and a quick ratio of 2.54. The business has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $1.72.

OneConstruction Group (NASDAQ:ONEG) last released its quarterly earnings results on Thursday, July 23rd. The company reported ($0.42) EPS for the quarter. The firm had revenue of $10.80 million during the quarter.

OneConstruction Group Company Profile

OneConstruction Group (NASDAQ: ONEG) is a construction services company focused on projects in Hong Kong. Through its operating subsidiaries, the company provides reinforced-concrete and other construction-related services for building and civil engineering projects.

Its work may include activities such as steel reinforcement, formwork, concrete construction and associated site services. OneConstruction Group serves contractors and project owners involved in residential, commercial, institutional and other construction developments.

The company is incorporated in the Cayman Islands and conducts its primary operating activities in Hong Kong.