Shares of The ONE Group Hospitality, Inc. (NASDAQ:STKS) were down 5.2% on Friday . The stock traded as low as $3.05 and last traded at $3.08. Approximately 518,659 shares changed hands during trading, an increase of 335% from the average daily volume of 119,340 shares. The stock had previously closed at $3.25.
Separately, Zacks Investment Research upgraded The ONE Group Hospitality from a “sell” rating to a “hold” rating in a research report on Wednesday, August 12th.
The company has a market cap of $89.53 million, a price-to-earnings ratio of 7.33 and a beta of 1.85. The firm has a 50 day moving average price of $2.51 and a two-hundred day moving average price of $1.93. The company has a quick ratio of 1.28, a current ratio of 1.39 and a debt-to-equity ratio of 1.70.
The ONE Group Hospitality, Inc, a hospitality company, develops, owns, and operates restaurants and lounges worldwide. It operates through STK, Kona Grill, and ONE Hospitality segments. The company also provides turn-key food and beverage services for hospitality venues, including hotels, casinos, and other locations.
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