Hf Foods Group (NASDAQ:HFFG) Shares Down 0.6% – Here’s What Happened

Hf Foods Group Inc. (NASDAQ:HFFG)’s stock price dropped 0.6% on Monday. The stock traded as low as $1.55 and last traded at $1.58. 36,917 shares were traded during mid-day trading, a decline of 52% from the average session volume of 76,568 shares. The stock had previously closed at $1.59.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Alliance Global Partners restated a “buy” rating on shares of Hf Foods Group in a research report on Thursday, July 23rd. Weiss Ratings upgraded shares of Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, September 22nd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.50.

Hf Foods Group Stock Down 0.6%

The company has a 50-day moving average of $1.67 and a two-hundred day moving average of $1.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.49. The company has a market capitalization of $85.16 million, a PE ratio of -2.43, a P/E/G ratio of 0.45 and a beta of 0.59.

Hf Foods Group (NASDAQ:HFFG) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.06. Hf Foods Group had a positive return on equity of 7.24% and a negative net margin of 2.77%.The business had revenue of $323.78 million during the quarter, compared to analysts’ expectations of $320.54 million. Sell-side analysts anticipate that Hf Foods Group Inc. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hf Foods Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC purchased a new position in Hf Foods Group during the second quarter valued at approximately $30,000. Busey Bank purchased a new stake in shares of Hf Foods Group in the first quarter worth $47,000. Bank of America Corp DE bought a new stake in shares of Hf Foods Group during the 2nd quarter valued at $49,000. Empowered Funds LLC bought a new stake in shares of Hf Foods Group during the 2nd quarter valued at $128,000. Finally, Susquehanna International Group LLP lifted its stake in shares of Hf Foods Group by 670.0% during the 2nd quarter. Susquehanna International Group LLP now owns 145,765 shares of the company’s stock valued at $206,000 after buying an additional 126,834 shares in the last quarter. 24.02% of the stock is owned by hedge funds and other institutional investors.

Hf Foods Group Company Profile

HF Foods Group Inc (NASDAQ:HFFG) is a foodservice distributor serving restaurants and other foodservice customers in the United States. The company specializes in supplying Asian and Chinese restaurants, while also serving a broader range of independent and institutional foodservice businesses.

Its product portfolio includes fresh produce, meat, seafood, frozen and dry goods, beverages, and restaurant supplies. HF Foods also provides related services such as warehousing, order fulfillment, delivery, and support for customers’ day-to-day foodservice needs.

HF Foods traces its roots to 1997 and has expanded through a network of distribution facilities serving customers in multiple U.S.