Wing Yip Food Holdings Group (NASDAQ:WYHG) Posts Earnings Results

Wing Yip Food Holdings Group (NASDAQ:WYHG) issued its quarterly earnings results on Thursday. The company reported ($0.20) EPS for the quarter, FiscalAI reports. The firm had revenue of $32.97 million during the quarter.

Wing Yip Food Holdings Group Stock Performance

Shares of WYHG traded down $0.01 during mid-day trading on Friday, reaching $0.80. The company had a trading volume of 26,327 shares, compared to its average volume of 1,787,137. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.61 and a current ratio of 3.75. The firm has a 50-day moving average price of $0.54 and a 200 day moving average price of $0.63. Wing Yip Food Holdings Group has a 52 week low of $0.39 and a 52 week high of $2.05.

Wing Yip Food Holdings Group’s stock is going to reverse split before the market opens on Tuesday, June 2nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 1st.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wing Yip Food Holdings Group presently has an average rating of “Sell”.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

Hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Wing Yip Food Holdings Group by 296.1% in 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 last quarter. Centiva Capital LP purchased a new position in Wing Yip Food Holdings Group in the 3rd quarter worth approximately $37,000. Virtu Financial LLC purchased a new position in Wing Yip Food Holdings Group in the 3rd quarter worth approximately $38,000. Citadel Advisors LLC purchased a new position in Wing Yip Food Holdings Group in the 3rd quarter worth approximately $46,000. Finally, Goldman Sachs Group Inc. raised 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 worth $76,000 after acquiring an additional 58,045 shares during 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.