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

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

Analyst Upgrades and Downgrades

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

Wing Yip Food Holdings Group Stock Performance

The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.42 and a current ratio of 4.77. The stock’s 50-day moving average price is $2.88 and its 200-day moving average price is $2.51.

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

Hedge Funds Weigh In On Wing Yip Food Holdings Group

Large investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its holdings in Wing Yip Food Holdings Group by 296.1% in the fourth 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 period. Centiva Capital LP acquired a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $37,000. Virtu Financial LLC acquired a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $38,000. Citadel Advisors LLC acquired a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $46,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Wing Yip Food Holdings Group by 73.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock valued at $76,000 after buying an additional 58,045 shares during the period.

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.