Wing Yip Food Holdings Group (NASDAQ:WYHG) Issues Earnings Results

Wing Yip Food Holdings Group (NASDAQ:WYHG) released its quarterly earnings results on Thursday. The company reported ($0.20) EPS for the quarter, FiscalAI reports. The business had revenue of $32.97 million during the quarter.

Wing Yip Food Holdings Group Price Performance

Shares of WYHG stock opened at $0.80 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.75 and a quick ratio of 3.61. Wing Yip Food Holdings Group has a 12-month low of $0.39 and a 12-month high of $9.00. The stock has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.63.

Wing Yip Food Holdings Group’s stock is scheduled to reverse split on the morning of Tuesday, June 2nd. The 1-4 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, June 1st.

Institutional Trading of Wing Yip Food Holdings Group

A number of hedge funds have recently made changes to their positions in the company. Centiva Capital LP acquired a new stake in shares of Wing Yip Food Holdings Group during the third quarter valued at about $37,000. Virtu Financial LLC acquired a new position in shares of Wing Yip Food Holdings Group in the 3rd quarter worth approximately $38,000. Citadel Advisors LLC bought a new position in Wing Yip Food Holdings Group during the third quarter worth $46,000. Renaissance Technologies LLC boosted its holdings in 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 worth $33,000 after purchasing an additional 45,000 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of Wing Yip Food Holdings Group by 73.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock worth $76,000 after buying an additional 58,045 shares during the last quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wing Yip Food Holdings Group in a report on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Company Profile

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.