Wall Street Zen Upgrades Wing Yip Food Holdings Group (NASDAQ:WYHG) to Hold

Wing Yip Food Holdings Group (NASDAQ:WYHG) was upgraded by stock analysts at Wall Street Zen to a “hold” rating in a research note issued to investors on Saturday.

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

Wing Yip Food Holdings Group Price Performance

WYHG stock opened at $5.35 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.77 and a quick ratio of 4.42. Wing Yip Food Holdings Group has a 12-month low of $1.56 and a 12-month high of $26.17. The stock’s 50 day simple moving average is $4.59 and its 200 day simple moving average is $3.18.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

A number of hedge funds and other institutional investors have recently bought and sold shares of WYHG. 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. Citadel Advisors LLC acquired a new stake in shares of Wing Yip Food Holdings Group during the 3rd quarter worth approximately $46,000. Virtu Financial LLC bought a new stake in shares of Wing Yip Food Holdings Group in the 3rd quarter worth approximately $38,000. Centiva Capital LP bought a new stake in shares of Wing Yip Food Holdings Group in the 3rd quarter worth approximately $37,000. Finally, Renaissance Technologies LLC boosted its position in Wing Yip Food Holdings Group by 296.1% during the 4th 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 period.

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.