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

Shares of 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 were traded during mid-day trading, a decline of 44% from the average session volume of 22,098 shares. The stock had previously closed at $0.5190.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen cut Wing Yip Food Holdings Group from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Weiss Ratings restated a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research note on Friday, March 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Price Performance

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 business has a 50-day moving average of $0.45 and a 200 day moving average of $0.74.

Institutional Trading of Wing Yip Food Holdings Group

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased 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 valued at $76,000 after acquiring an additional 58,045 shares during the last quarter. Renaissance Technologies LLC increased 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 acquiring an additional 45,000 shares during the last quarter. Citadel Advisors LLC purchased a new stake in Wing Yip Food Holdings Group during the third quarter valued at $46,000. Virtu Financial LLC purchased a new stake in Wing Yip Food Holdings Group during the third quarter valued at $38,000. Finally, Centiva Capital LP purchased a new stake in Wing Yip Food Holdings Group in the third quarter worth about $37,000.

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.