Wing Yip Food Holdings Group (NASDAQ:WYHG) Trading Down 3.5% – Should You Sell?

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG)’s stock price traded down 3.5% on Tuesday . The stock traded as low as $3.42 and last traded at $3.87. 76,566 shares traded hands during trading, a decline of 33% from the average session volume of 113,557 shares. The stock had previously closed at $4.01.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Wing Yip Food Holdings Group Stock Performance

The stock’s 50 day moving average is $2.78 and its 200 day moving average is $2.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.42 and a current ratio of 4.77.

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

Institutional Investors Weigh In On Wing Yip Food Holdings Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its holdings in Wing Yip Food Holdings Group by 296.1% during the 4th 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. boosted its holdings in Wing Yip Food Holdings Group by 73.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock valued at $76,000 after purchasing an additional 58,045 shares during the period. Citadel Advisors LLC purchased a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter valued at $46,000. Centiva Capital LP bought a new position in shares of Wing Yip Food Holdings Group in the third quarter worth $37,000. Finally, Virtu Financial LLC bought a new position in shares of Wing Yip Food Holdings Group in the third quarter worth $38,000.

About Wing Yip Food Holdings Group

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.