Wing Yip Food Holdings Group (NASDAQ:WYHG) Shares Up 4.2% – Here’s What Happened

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG) rose 4.2% during mid-day trading on Tuesday . The company traded as high as $3.90 and last traded at $3.74. 16,312 shares changed hands during trading, a decline of 92% from the average daily volume of 206,612 shares. The stock had previously closed at $3.59.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Wing Yip Food Holdings Group Trading Up 1.4%

The company has a 50 day moving average of $4.07 and a 200-day moving average of $2.78. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.42 and a current ratio of 4.77.

Wing Yip Food Holdings Group (NASDAQ:WYHG) last released its earnings results on Thursday, May 14th. The company reported ($0.80) earnings per share for the quarter. The business had revenue of $32.97 million for the quarter.

Institutional Investors Weigh In On Wing Yip Food Holdings Group

A number of institutional investors have recently modified their holdings of the business. Virtu Financial LLC acquired a new stake in Wing Yip Food Holdings Group during the third quarter worth about $38,000. Centiva Capital LP acquired a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $37,000. Citadel Advisors LLC acquired a new position in Wing Yip Food Holdings Group in the third quarter valued at approximately $46,000. Goldman Sachs Group Inc. grew its holdings in shares of Wing Yip Food Holdings Group by 73.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company’s stock valued at $76,000 after purchasing an additional 58,045 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Wing Yip Food Holdings Group by 296.1% during the fourth quarter. Renaissance Technologies LLC now owns 60,200 shares of the company’s stock valued at $33,000 after purchasing an additional 45,000 shares during the last quarter.

About Wing Yip Food Holdings Group

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.