Wing Yip Food Holdings Group (NASDAQ:WYHG) Stock Price Up 0.5% – Should You Buy?

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) traded up 0.5% on Monday . The stock traded as high as $0.6553 and last traded at $0.6027. 8,431 shares were traded during trading, a decline of 64% from the average session volume of 23,120 shares. The stock had previously closed at $0.60.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on WYHG shares. Weiss Ratings restated a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research report on Monday, December 29th. Wall Street Zen lowered shares of Wing Yip Food Holdings Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wing Yip Food Holdings Group presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.61 and a current ratio of 3.75. The firm’s 50-day simple moving average is $0.77 and its 200 day simple moving average is $1.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Centiva Capital LP acquired a new stake in shares of Wing Yip Food Holdings Group during the 3rd quarter valued at approximately $37,000. Virtu Financial LLC purchased a new position in Wing Yip Food Holdings Group in the 3rd quarter valued at approximately $38,000. Finally, Citadel Advisors LLC acquired a new position in Wing Yip Food Holdings Group during the third quarter worth $46,000.

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.