G. Willi-Food International (NASDAQ:WILC) Trading 16.8% Higher – Here’s What Happened

Shares of G. Willi-Food International, Ltd. (NASDAQ:WILC) shot up 16.8% on Wednesday . The company traded as high as $35.00 and last traded at $36.8550. 4,348 shares traded hands during trading, a decline of 7% from the average daily volume of 4,694 shares. The stock had previously closed at $31.55.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of G. Willi-Food International in a report on Friday, June 26th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, G. Willi-Food International presently has an average rating of “Hold”.

G. Willi-Food International Trading Down 2.1%

The firm’s 50-day simple moving average is $33.97 and its 200 day simple moving average is $30.34. The stock has a market cap of $430.44 million, a P/E ratio of 15.53 and a beta of 1.07.

G. Willi-Food International (NASDAQ:WILC) last issued its quarterly earnings results on Tuesday, May 26th. The company reported $0.46 earnings per share for the quarter. The company had revenue of $49.70 million during the quarter. G. Willi-Food International had a net margin of 14.51% and a return on equity of 14.12%.

Institutional Investors Weigh In On G. Willi-Food International

A number of large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of G. Willi-Food International by 786.8% in the second quarter. JPMorgan Chase & Co. now owns 2,146 shares of the company’s stock worth $40,000 after purchasing an additional 1,904 shares in the last quarter. Acadian Asset Management LLC purchased a new position in G. Willi-Food International during the first quarter valued at approximately $50,000. Geode Capital Management LLC purchased a new position in G. Willi-Food International during the fourth quarter valued at approximately $203,000. Noked Israel Ltd acquired a new position in G. Willi-Food International in the 4th quarter valued at approximately $230,000. Finally, Y.D. More Investments Ltd increased its stake in G. Willi-Food International by 3,072.6% in the 1st quarter. Y.D. More Investments Ltd now owns 68,750 shares of the company’s stock valued at $1,751,000 after buying an additional 66,583 shares during the period. Institutional investors and hedge funds own 9.45% of the company’s stock.

About G. Willi-Food International

G. Willi-Food International, Inc is a specialty food manufacturer based in Porterville, California, that develops, produces and distributes a variety of seasoned and roasted nut products, trail mixes and snack foods. The company serves both retail and foodservice channels through branded and private-label offerings, catering to grocery chains, club stores, convenience outlets, airlines, hotels, universities and restaurants throughout North America.

Founded in 1977, G. Willi-Food has expanded from a single roasting line to multiple production facilities in California, supported by satellite distribution centers to ensure efficient delivery and inventory management.