Wing Yip Food Holdings Group (NASDAQ:WYHG) Shares Up 4.5% – What’s Next?

Shares of Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) were up 4.5% during mid-day trading on Monday . The stock traded as high as $0.4698 and last traded at $0.4306. Approximately 16,428 shares traded hands during trading, a decline of 29% from the average daily volume of 23,160 shares. The stock had previously closed at $0.4121.

Analyst Ratings Changes

WYHG has been the subject of a number of analyst reports. Wall Street Zen lowered Wing Yip Food Holdings Group from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wing Yip Food Holdings Group presently has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Stock Up 4.5%

The company has a current ratio of 3.75, a quick ratio of 3.61 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average is $0.56 and its two-hundred day moving average is $0.96.

Institutional Investors Weigh In On Wing Yip Food Holdings Group

Several institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Wing Yip Food Holdings Group by 73.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock worth $76,000 after buying an additional 58,045 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Wing Yip Food Holdings Group during the 3rd quarter valued at about $46,000. Virtu Financial LLC bought a new stake in shares of Wing Yip Food Holdings Group in the third quarter worth approximately $38,000. Centiva Capital LP purchased a new position in shares of Wing Yip Food Holdings Group during the third quarter valued at approximately $37,000. Finally, Renaissance Technologies LLC lifted its position in Wing Yip Food Holdings Group by 296.1% during the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock valued at $33,000 after purchasing an additional 45,000 shares during the period.

Wing Yip Food Holdings Group Company Profile

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.