Wing Yip Food Holdings Group (NASDAQ:WYHG) Trading Down 11.6% – Here’s Why

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) fell 11.6% during trading on Wednesday . The stock traded as low as $6.30 and last traded at $6.53. Approximately 662,257 shares traded hands during trading, a decline of 84% from the average session volume of 4,136,166 shares. The stock had previously closed at $7.39.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Trading Down 11.6%

The business’s 50 day simple moving average is $4.42 and its two-hundred day simple moving average is $3.01. 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 announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.80) 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 bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of 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 purchasing an additional 58,045 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of 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. Citadel Advisors LLC bought a new position in Wing Yip Food Holdings Group in the 3rd quarter valued at approximately $46,000. Virtu Financial LLC bought a new position in Wing Yip Food Holdings Group in the 3rd quarter valued at approximately $38,000. Finally, Centiva Capital LP acquired a new stake in Wing Yip Food Holdings Group during the 3rd quarter worth approximately $37,000.

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.