Hf Foods Group (NASDAQ:HFFG) Downgraded by Wall Street Zen to Buy

Hf Foods Group (NASDAQ:HFFG) was downgraded by stock analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Hf Foods Group in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $7.00.

Hf Foods Group Stock Performance

Hf Foods Group stock opened at $2.16 on Friday. The company’s 50-day moving average price is $2.88 and its 200-day moving average price is $3.29. Hf Foods Group has a twelve month low of $1.70 and a twelve month high of $4.93. The company has a quick ratio of 0.44, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The company has a market cap of $114.57 million, a PE ratio of -2.37, a price-to-earnings-growth ratio of 0.85 and a beta of 0.53.

Hedge Funds Weigh In On Hf Foods Group

Hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in Hf Foods Group by 37.1% in the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock worth $51,000 after acquiring an additional 4,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Hf Foods Group by 7.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 99,352 shares of the company’s stock worth $487,000 after acquiring an additional 6,751 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Hf Foods Group by 192.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock worth $40,000 after acquiring an additional 8,197 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Hf Foods Group by 10.5% in the 1st quarter. Bank of New York Mellon Corp now owns 90,015 shares of the company’s stock worth $441,000 after acquiring an additional 8,547 shares in the last quarter. Finally, Choreo LLC bought a new position in Hf Foods Group in the 1st quarter worth about $56,000. 24.02% of the stock is currently owned by institutional investors.

About Hf Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.