Wing Yip Food Holdings Group (NASDAQ:WYHG) Stock Breaks Above Two Hundred Day Moving Average – Time to Sell?

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $3.27 and traded as high as $4.07. Wing Yip Food Holdings Group shares last traded at $3.98, with a volume of 349,572 shares.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WYHG shares. Wall Street Zen raised Wing Yip Food Holdings Group to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Wing Yip Food Holdings Group Price Performance

The company’s 50 day simple moving average is $3.69 and its 200 day simple moving average is $3.28.

Wing Yip Food Holdings Group Company Profile

Wing Yip Food Holdings Group Limited is a food manufacturing and distribution company focused on traditional Chinese food products. Through its operating subsidiaries, the company produces and sells Chinese-style sausages, cured meat and related prepared-food products.

The company’s products are marketed primarily to consumers and food-service customers seeking Chinese specialty foods. Its business includes the processing, packaging and distribution of its products through established sales channels in the markets it serves.

Publicly available information about Wing Yip Food Holdings Group’s corporate history, geographic reach and leadership is limited.