OFA Group (NASDAQ:OFAL) Announces Quarterly Earnings Results

OFA Group (NASDAQ:OFAL) released its quarterly earnings data on Friday. The company reported ($0.72) earnings per share for the quarter, Zacks reports.

OFA Group Trading Down 33.1%

Shares of NASDAQ OFAL traded down $0.54 during midday trading on Friday, reaching $1.09. 2,665,530 shares of the company were exchanged, compared to its average volume of 10,387,141. The stock’s 50-day moving average price is $1.60 and its 200-day moving average price is $3.78. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.49 and a current ratio of 0.49. OFA Group has a one year low of $0.58 and a one year high of $17.50.

Institutional Investors Weigh In On OFA Group

A hedge fund recently bought a new position in OFA Group stock. Virtu Financial LLC bought a new position in OFA Group (NASDAQ:OFAL) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 37,733 shares of the company’s stock, valued at approximately $47,000. Virtu Financial LLC owned approximately 0.27% of OFA Group as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of OFA Group in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

About OFA Group

Through our wholly owned operating subsidiary, Office for Fine Architecture Limited, we provide comprehensive architectural services, including design and fit out services for commercial and residential buildings. The design service includes both the consultation with our staff and the actual design work and the Company provides a specific conceptualized design with layout plans, detailed design drawings, advice relating to, among other things, budgetary consideration, optimal use of space, the materials, fittings, furniture, appliances and other items to be used with an aim to produce a preliminary design plan and quotation for clients’ considerations.