ONE Group Hospitality (NASDAQ:STKS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

The ONE Group Hospitality, Inc. (NASDAQ:STKS)’s share price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $1.76 and traded as low as $1.0850. ONE Group Hospitality shares last traded at $1.10, with a volume of 83,155 shares.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STKS. Weiss Ratings raised ONE Group Hospitality from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. Piper Sandler dropped their price target on ONE Group Hospitality from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, August 10th. Finally, Zacks Research upgraded shares of ONE Group Hospitality from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.00.

ONE Group Hospitality Price Performance

The firm’s fifty day moving average price is $1.56 and its 200 day moving average price is $1.75.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in shares of ONE Group Hospitality during the second quarter valued at $51,000. BlackRock Inc. acquired a new stake in ONE Group Hospitality in the second quarter worth about $905,000. Finally, Nantahala Capital Management LLC bought a new stake in ONE Group Hospitality in the second quarter worth about $4,263,379. Hedge funds and other institutional investors own 29.14% of the company’s stock.

About ONE Group Hospitality

ONE Group Hospitality, Inc is a hospitality company that develops, owns, manages and licenses upscale restaurants and entertainment-focused dining venues. Its portfolio is centered on experiential dining concepts designed to combine food, beverage and nightlife.

The company’s principal brands include STK Steakhouse, an upscale steakhouse concept known for combining traditional steakhouse dining with a lively, contemporary atmosphere, and Kona Grill, which offers American cuisine, sushi, seafood and a full-service bar in a polished casual setting.