One Group Hospitality (STKS) Reaches New 1-Year High at $2.75

One Group Hospitality Inc (NASDAQ:STKS) shares hit a new 52-week high during trading on Thursday . The company traded as high as $2.75 and last traded at $2.55, with a volume of 81600 shares changing hands. The stock had previously closed at $2.55.

The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.45 and a current ratio of 0.51. The stock has a market capitalization of $63.97, a price-to-earnings ratio of -3.19 and a beta of 1.00.

In other One Group Hospitality news, insider David Kanen purchased 100,700 shares of the stock in a transaction that occurred on Friday, January 19th. The stock was purchased at an average price of $2.23 per share, with a total value of $224,561.00. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders purchased 304,971 shares of company stock valued at $679,596. 35.93% of the stock is owned by insiders.

An institutional investor recently raised its position in One Group Hospitality stock. Vanguard Group Inc. boosted its position in One Group Hospitality Inc (NASDAQ:STKS) by 120.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,716 shares of the restaurant operator’s stock after purchasing an additional 106,242 shares during the period. Vanguard Group Inc. owned approximately 0.77% of One Group Hospitality worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 14.29% of the company’s stock.

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One Group Hospitality Company Profile

The ONE Group Hospitality, Inc, formerly Committed Capital Acquisition Corporation, is a hospitality company. The Company develops, owns and operates restaurants and lounges, and provides food and beverage services for hospitality venues, including hotels, casinos and other locations across the globe.

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