OneConstruction Group (NASDAQ:ONEG) Stock Price Down 1% – Here’s What Happened

OneConstruction Group Limited (NASDAQ:ONEG)’s stock price was down 1% during trading on Thursday. The company traded as low as $1.01 and last traded at $1.01. Approximately 30,174 shares traded hands during trading, an increase of 0% from the average session volume of 30,071 shares. The stock had previously closed at $1.02.

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 an average rating of “Sell”.

OneConstruction Group Stock Performance

The company has a debt-to-equity ratio of 78.83, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a 50-day simple moving average of $1.03 and a 200 day simple moving average of $1.82.

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

About OneConstruction Group

OneConstruction Group Limited (NASDAQ: ONEG) is a construction services company headquartered in Hong Kong. Through its subsidiaries, the company primarily provides building construction and related contracting services for projects in the Hong Kong market.

Its business activities include general building construction, renovation, alteration and addition works, as well as repair and maintenance services. The company serves property developers, building owners and other project clients through the delivery and management of construction and improvement projects.

OneConstruction Group’s operations are focused principally on Hong Kong.