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

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e)” rating on shares of Happy City in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

Happy City Stock Down 1.0%

The business’s 50 day moving average is $3.61 and its 200 day moving average is $3.48.

Institutional Investors Weigh In On Happy City

An institutional investor recently raised its position in Happy City stock. Citadel Advisors LLC boosted its stake in shares of Happy City Holdings Limited (NASDAQ:HCHL) by 34.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,688 shares of the company’s stock after purchasing an additional 4,838 shares during the quarter. Citadel Advisors LLC owned about 0.10% of Happy City worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Happy City Company Profile

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”.