Shares of Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG – Get Free Report) fell 11.6% during mid-day trading on Wednesday . The stock traded as low as $6.30 and last traded at $6.53. 662,257 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 4,136,166 shares. The stock had previously closed at $7.39.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded Wing Yip Food Holdings Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Wing Yip Food Holdings Group presently has an average rating of “Sell”.
View Our Latest Report on Wing Yip Food Holdings Group
Wing Yip Food Holdings Group Price Performance
Wing Yip Food Holdings Group (NASDAQ:WYHG – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported ($0.80) EPS for the quarter. The business had revenue of $32.97 million for the quarter.
Institutional Investors Weigh In On Wing Yip Food Holdings Group
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC boosted its holdings in shares of Wing Yip Food Holdings Group by 296.1% in 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 in the last quarter. Goldman Sachs Group Inc. increased its stake 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 valued at $76,000 after purchasing an additional 58,045 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter worth $46,000. Centiva Capital LP acquired a new position in shares of Wing Yip Food Holdings Group during the 3rd quarter worth $37,000. Finally, Virtu Financial LLC bought a new stake in shares of Wing Yip Food Holdings Group during the 3rd quarter worth $38,000.
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.
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