Hf Foods Group (NASDAQ:HFFG) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Hf Foods Group (NASDAQ:HFFG) from a strong-buy rating to a buy rating in a research report released on Saturday morning.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Hf Foods Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Hf Foods Group currently has a consensus rating of “Hold” and an average price target of $7.00.

Hf Foods Group Trading Down 0.5%

Hf Foods Group stock opened at $2.15 on Friday. The stock has a market cap of $114.04 million, a P/E ratio of -2.36, a PEG ratio of 0.86 and a beta of 0.52. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.19 and a quick ratio of 0.44. Hf Foods Group has a 1 year low of $1.70 and a 1 year high of $4.93. The firm’s 50 day moving average price is $2.85 and its 200-day moving average price is $3.26.

Institutional Trading of Hf Foods Group

A number of large investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its stake in shares of Hf Foods Group by 37.1% during the second quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock valued at $51,000 after purchasing an additional 4,351 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Hf Foods Group by 7.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 99,352 shares of the company’s stock valued at $487,000 after purchasing an additional 6,751 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Hf Foods Group by 192.7% during the second quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock valued at $40,000 after purchasing an additional 8,197 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Hf Foods Group by 10.5% during the first quarter. Bank of New York Mellon Corp now owns 90,015 shares of the company’s stock valued at $441,000 after purchasing an additional 8,547 shares during the period. Finally, Choreo LLC purchased a new stake in shares of Hf Foods Group during the first quarter valued at $56,000. 24.02% of the stock is owned by hedge funds and other institutional investors.

About Hf Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.