OneConstruction Group (NASDAQ:ONEG) Shares Down 57.6% – Should You Sell?

OneConstruction Group Limited (NASDAQ:ONEGGet Free Report) dropped 57.6% during mid-day trading on Monday . The company traded as low as $2.02 and last traded at $2.18. Approximately 1,709,600 shares traded hands during trading, an increase of 265% from the average daily volume of 468,313 shares. The stock had previously closed at $5.14.

Analyst Ratings Changes

Several equities analysts have issued reports on ONEG shares. Wall Street Zen upgraded OneConstruction Group to a “hold” rating in a research report on Friday, August 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of OneConstruction Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on ONEG

OneConstruction Group Trading Down 30.5%

The company has a fifty day moving average price of $10.72 and a two-hundred day moving average price of $7.90.

About OneConstruction Group

(Get Free Report)

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.

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