OneConstruction Group (NASDAQ:ONEG) Stock Price Up 2% - Here's What Happened

Key Points

• OneConstruction Group Limited (NASDAQ:ONEG) shares rose by 2%, reaching a last traded price of $9.71, despite a significant drop in trading volume, down 83% from the average.
• The company's fifty-day moving average stands at $6.52, while the two-hundred-day moving average is at $3.87, indicating a possible upward trend.
• OneConstruction Group is primarily a structural steelwork contractor based in New York, working on a range of construction projects in Hong Kong for both public and private sector clients.

OneConstruction Group Limited (NASDAQ:ONEG - Get Free Report) shares were up 2% on Wednesday . The stock traded as high as $9.98 and last traded at $9.71. Approximately 17,166 shares changed hands during trading, a decline of 83% from the average daily volume of 102,776 shares. The stock had previously closed at $9.52.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of OneConstruction Group to a "hold" rating in a research report on Friday.

OneConstruction Group Price Performance

The company's 50-day moving average price is $6.94 and its 200 day moving average price is $4.07.

OneConstruction Group Company Profile

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.