Hf Foods Group (NASDAQ:HFFG) Stock Falls 3.2% – What’s Next?

Shares of Hf Foods Group Inc. (NASDAQ:HFFG) dropped 3.2% on Monday. The stock traded as low as $1.50 and last traded at $1.50. Approximately 106,498 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 67,390 shares. The stock had previously closed at $1.55.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HFFG shares. Weiss Ratings lowered shares of Hf Foods Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, October 9th. Alliance Global Partners reiterated a “buy” rating on shares of Hf Foods Group in a research report on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.50.

Hf Foods Group Price Performance

The stock has a market cap of $80.85 million, a price-to-earnings ratio of -2.31, a PEG ratio of 0.43 and a beta of 0.63. The company has a 50-day moving average of $1.68 and a 200-day moving average of $1.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.49 and a current ratio of 1.11.

Hf Foods Group (NASDAQ:HFFG) last posted its quarterly earnings data on Monday, August 10th. The company reported $0.12 earnings per share 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 company had revenue of $323.78 million during the quarter, compared to analysts’ expectations of $320.54 million. As a group, equities research analysts predict that Hf Foods Group Inc. will post 0.32 earnings per share for the current year.

Institutional Trading of Hf Foods Group

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp raised its position in Hf Foods Group by 8.1% in the first quarter. Bank of New York Mellon Corp now owns 113,596 shares of the company’s stock worth $210,000 after acquiring an additional 8,500 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Hf Foods Group by 12.1% during the 1st quarter. Empowered Funds LLC now owns 90,495 shares of the company’s stock worth $167,000 after purchasing an additional 9,782 shares during the period. Squarepoint Ops LLC acquired a new position in Hf Foods Group during the second quarter worth about $30,000. Busey Bank purchased a new position in Hf Foods Group in the first quarter valued at about $47,000. Finally, Bank of America Corp DE purchased a new stake in shares of Hf Foods Group during the 2nd quarter worth approximately $49,000. Institutional investors and hedge funds own 24.02% of the company’s stock.

Hf Foods Group Company Profile

HF Foods Group Inc is a foodservice distributor focused primarily on serving Asian restaurants and other foodservice customers in the United States. The company supplies a broad range of products, including fresh and frozen meats and seafood, produce, dry goods, beverages, restaurant supplies, and packaging materials.

In addition to distributing food and related products, HF Foods provides logistics and delivery services designed to support independent restaurants and other foodservice operators.