Happy City (NASDAQ:HCHL) Shares Down 1% – Time to Sell?

Happy City Holdings Limited (NASDAQ:HCHL)’s share price traded down 1% during mid-day trading on Tuesday . The company traded as low as $0.85 and last traded at $1.00. 5,828,439 shares were traded during trading, an increase of 276% from the average session volume of 1,551,198 shares. The stock had previously closed at $1.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e)” rating on shares of Happy City in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Happy City Price Performance

The stock’s 50-day moving average is $3.61 and its two-hundred day moving average is $3.48.

Hedge Funds Weigh In On Happy City

A hedge fund recently raised its stake in Happy City stock. Citadel Advisors LLC grew its holdings in Happy City Holdings Limited (NASDAQ:HCHL) by 34.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,688 shares of the company’s stock after purchasing an additional 4,838 shares during the period. Citadel Advisors LLC owned about 0.10% of Happy City worth $63,000 as of its most recent filing with the Securities & Exchange Commission.

About Happy City

Headquartered in Hong Kong, we are a restaurant operator that operates three all-you-can-eat hotpot restaurant through our wholly-owned Operating Subsidiaries in Hong Kong. We have been in the restaurant services industry serving the Hong Kong market for over 5 years, which is a relatively short operating history compared to some of our established competitors. Our restaurants serves all-you-can-eat Thai and Japanese hotpot to our customers under the brand names “Thai Pot” and “Gyu! Gyu! Shabu Shabu”.