Wing Yip Food Holdings Group (NASDAQ:WYHG) Trading 4.2% Higher – Should You Buy?

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

Analyst Ratings Changes

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 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Price Performance

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

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

Institutional Trading of Wing Yip Food Holdings Group

Institutional investors and hedge funds have recently modified their holdings of the business. Centiva Capital LP acquired a new stake in shares of Wing Yip Food Holdings Group in the third quarter valued at approximately $37,000. Virtu Financial LLC acquired a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter worth approximately $38,000. Citadel Advisors LLC acquired a new stake in Wing Yip Food Holdings Group during the 3rd quarter valued at $46,000. Renaissance Technologies LLC grew 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 valued at $33,000 after buying an additional 45,000 shares during the last quarter. Finally, 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 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.