Hf Foods Group Inc. (NASDAQ:HFFG – Get Free Report)’s share price was down 3.2% during trading on Monday. The company traded as low as $1.50 and last traded at $1.50. Approximately 106,498 shares traded hands during trading, an increase of 58% from the average daily volume of 67,390 shares. The stock had previously closed at $1.55.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Weiss Ratings lowered Hf Foods Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, October 9th. Alliance Global Partners reaffirmed a “buy” rating on shares of Hf Foods Group in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.50.
Get Our Latest Stock Report on HFFG
Hf Foods Group Stock Performance
The company has a quick ratio of 0.49, a current ratio of 1.11 and a debt-to-equity ratio of 0.57. The firm has a market cap of $80.85 million, a price-to-earnings ratio of -2.31, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. The stock has a fifty day moving average price of $1.69 and a 200-day moving average price of $1.79.
Hf Foods Group (NASDAQ:HFFG – Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $323.78 million during the quarter, compared to analysts’ expectations of $320.54 million. Hf Foods Group had a negative net margin of 2.77% and a positive return on equity of 7.24%. On average, analysts expect that Hf Foods Group Inc. will post 0.32 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Hf Foods Group
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in Hf Foods Group in the second quarter valued at about $907,000. North Star Investment Management Corp. lifted its position in shares of Hf Foods Group by 1,564.3% in the first quarter. North Star Investment Management Corp. now owns 466,000 shares of the company’s stock valued at $862,000 after acquiring an additional 438,000 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of Hf Foods Group by 670.0% during the 2nd quarter. Susquehanna International Group LLP now owns 145,765 shares of the company’s stock worth $206,000 after purchasing an additional 126,834 shares during the last quarter. Empowered Funds LLC acquired a new stake in Hf Foods Group during the second quarter worth approximately $128,000. Finally, Renaissance Technologies LLC grew its stake in Hf Foods Group by 93.6% in the 1st quarter. Renaissance Technologies LLC now owns 127,600 shares of the company’s stock worth $236,000 after acquiring an additional 61,700 shares during the period. Hedge funds and other institutional investors own 24.02% of the company’s stock.
Hf Foods Group Company Profile
HF Foods Group Inc is a foodservice distributor focused primarily on serving Asian restaurants and other foodservice customers in the United States. The company supplies a broad range of products, including fresh and frozen meats and seafood, produce, dry goods, beverages, restaurant supplies, and packaging materials.
In addition to distributing food and related products, HF Foods provides logistics and delivery services designed to support independent restaurants and other foodservice operators.
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