Wing Yip Food Holdings Group (NASDAQ:WYHG) Downgraded by Wall Street Zen to Sell

Wing Yip Food Holdings Group (NASDAQ:WYHG) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

WYHG stock opened at $0.76 on Friday. Wing Yip Food Holdings Group has a 52 week low of $0.63 and a 52 week high of $12.00. The company has a fifty day simple moving average of $0.94 and a two-hundred day simple moving average of $1.21. The company has a current ratio of 3.75, a quick ratio of 3.61 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

Large investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in shares of Wing Yip Food Holdings Group during the third quarter worth approximately $46,000. Virtu Financial LLC bought a new position in Wing Yip Food Holdings Group in the third quarter worth approximately $38,000. Finally, Centiva Capital LP purchased a new position in Wing Yip Food Holdings Group during the 3rd quarter worth $37,000.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group (NASDAQ:WYHG) is a specialist retailer and distributor of Asian food products, operating a network of hypermarkets, wholesale warehouses and online channels. The company’s core business encompasses the sourcing, importation and sale of a broad assortment of groceries from China, Southeast Asia and other regions, including fresh produce, frozen seafood, rice, noodles, sauces, spices and specialty ingredients.

Through its flagship hypermarkets in key metropolitan areas of the United Kingdom, Wing Yip provides both retail customers and foodservice operators with access to a comprehensive range of Asian culinary products.