OneConstruction Group (NASDAQ:ONEG) Issues Earnings Results

OneConstruction Group (NASDAQ:ONEG) released its earnings results on Thursday. The company reported ($0.42) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $10.80 million for the quarter.

OneConstruction Group Stock Down 1.0%

ONEG stock opened at $1.03 on Friday. The stock’s 50 day simple moving average is $1.15 and its 200 day simple moving average is $2.38. OneConstruction Group has a 12-month low of $0.72 and a 12-month high of $14.95.

Hedge Funds Weigh In On OneConstruction Group

A hedge fund recently bought a new position in OneConstruction Group stock. XTX Topco Ltd acquired a new stake in shares of OneConstruction Group Limited (NASDAQ:ONEG) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,794 shares of the company’s stock, valued at approximately $31,000. XTX Topco Ltd owned about 0.18% of OneConstruction Group as of its most recent SEC filing.

Analyst Ratings Changes

A number of research analysts recently issued reports on ONEG shares. Weiss Ratings reissued a “sell (d)” rating on shares of OneConstruction Group in a research report on Tuesday, June 30th. Wall Street Zen raised OneConstruction Group to a “hold” rating in a research report on Saturday, March 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

About OneConstruction Group

OneConstruction Group is a structural steelwork contractor principally in Hong Kong. The Company, through its subsidiaries, specializes in the procurement and installation of structural steel for a diverse range of construction projects, serving both public and private sector clients. OneConstruction Group is based in NEW YORK.