OneConstruction Group (NASDAQ:ONEG) Stock Price Down 9.6% – Should You Sell?

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

Analyst Ratings Changes

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

OneConstruction Group Stock Performance

The firm’s 50-day moving average is $1.00 and its 200-day moving average is $1.72. The company has a debt-to-equity ratio of 78.83, a quick ratio of 2.54 and a current ratio of 2.54.

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

About OneConstruction Group

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.