Wing Yip Food Holdings Group (NASDAQ:WYHG) Stock Price Down 11% – Time to Sell?

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) traded down 11% on Wednesday . The stock traded as low as $0.4326 and last traded at $0.4620. 12,368 shares changed hands during trading, a decline of 44% from the average session volume of 22,098 shares. The stock had previously closed at $0.5190.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 restated a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

The company has a quick ratio of 3.61, a current ratio of 3.75 and a debt-to-equity ratio of 0.04. The company has a fifty day simple moving average of $0.45 and a 200 day simple moving average of $0.74.

Institutional Investors Weigh In On Wing Yip Food Holdings Group

Several hedge funds have recently added to or reduced their stakes in the stock. Centiva Capital LP bought a new stake in Wing Yip Food Holdings Group in the third quarter worth $37,000. Virtu Financial LLC purchased a new position in shares of Wing Yip Food Holdings Group in the third quarter worth $38,000. Citadel Advisors LLC purchased a new position in shares of Wing Yip Food Holdings Group in the third quarter worth $46,000. Renaissance Technologies LLC raised its stake in shares of Wing Yip Food Holdings Group by 296.1% in the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock worth $33,000 after purchasing an additional 45,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Wing Yip Food Holdings Group by 73.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock worth $76,000 after purchasing an additional 58,045 shares during the last quarter.

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.