Wing Yip Food Holdings Group (NASDAQ:WYHG) Stock Price Up 0.8% – Should You Buy?

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) shares were up 0.8% on Tuesday . The stock traded as high as $0.48 and last traded at $0.4736. Approximately 2,119 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 25,552 shares. The stock had previously closed at $0.47.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WYHG shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Wing Yip Food Holdings Group from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Trading Up 0.8%

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 business has a fifty day moving average of $0.49 and a two-hundred day moving average of $0.84.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

Several institutional investors and hedge funds have recently made changes to their positions in WYHG. Centiva Capital LP bought a new stake in Wing Yip Food Holdings Group in the 3rd quarter valued at $37,000. Virtu Financial LLC acquired a new stake in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $38,000. Citadel Advisors LLC bought a new stake in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $46,000. Renaissance Technologies LLC grew 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 worth $33,000 after buying an additional 45,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Wing Yip Food Holdings Group by 73.1% during the fourth 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 in 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.