Wing Yip Food Holdings Group (NASDAQ:WYHG) Stock Price Up 4.2% – Should You Buy?

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG)’s share price was up 4.2% on Tuesday . The stock traded as high as $3.90 and last traded at $3.74. 16,312 shares were traded during mid-day trading, a decline of 92% from the average session volume of 206,612 shares. The stock had previously closed at $3.59.

Analyst Ratings Changes

Separately, Weiss Ratings raised Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, June 29th. One 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 Price Performance

The company has a current ratio of 4.77, a quick ratio of 4.42 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average price of $4.06 and a 200 day moving average price of $2.77.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.80) earnings per share for the quarter. The company had revenue of $32.97 million for the quarter.

Institutional Trading of Wing Yip Food Holdings Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC increased its stake in shares of 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 acquiring an additional 45,000 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 58,045 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Wing Yip Food Holdings Group in the third quarter valued at about $46,000. Centiva Capital LP acquired a new stake in Wing Yip Food Holdings Group in the third quarter valued at about $37,000. Finally, Virtu Financial LLC purchased a new stake in Wing Yip Food Holdings Group in the 3rd quarter valued at approximately $38,000.

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.