Hf Foods Group (NASDAQ:HFFG) Stock Price Down 1% – Here’s What Happened

Hf Foods Group Inc. (NASDAQ:HFFG) was down 1% during trading on Monday . The company traded as low as $1.85 and last traded at $1.93. Approximately 134,114 shares traded hands during trading, a decline of 12% from the average daily volume of 152,107 shares. The stock had previously closed at $1.95.

Analyst Upgrades and Downgrades

A number of research analysts have commented on HFFG shares. Weiss Ratings upgraded shares of Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 22nd. Alliance Global Partners started coverage on shares of Hf Foods Group in a research report on Thursday, April 16th. They set a “buy” rating and a $5.00 price target on the stock. Roth Mkm reiterated a “buy” rating on shares of Hf Foods Group in a research report on Wednesday, April 29th. Finally, Wall Street Zen cut shares of Hf Foods Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Hf Foods Group presently has an average rating of “Hold” and an average target price of $5.50.

Hf Foods Group Price Performance

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.11 and a quick ratio of 0.49. The firm has a market cap of $103.20 million, a PE ratio of -2.84, a price-to-earnings-growth ratio of 0.54 and a beta of 0.53. The firm has a 50-day simple moving average of $1.97 and a 200 day simple moving average of $2.07.

Hf Foods Group (NASDAQ:HFFG) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Hf Foods Group had a positive return on equity of 6.94% and a negative net margin of 2.90%.The firm had revenue of $312.00 million during the quarter, compared to analyst estimates of $307.36 million. As a group, equities analysts expect that Hf Foods Group Inc. will post 0.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HFFG. North Star Investment Management Corp. lifted its holdings in Hf Foods Group by 1,564.3% in the 1st quarter. North Star Investment Management Corp. now owns 466,000 shares of the company’s stock worth $862,000 after purchasing an additional 438,000 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Hf Foods Group by 9,703.0% in the 4th quarter. Russell Investments Group Ltd. now owns 349,576 shares of the company’s stock worth $752,000 after purchasing an additional 346,010 shares in the last quarter. Rothschild Wealth LLC purchased a new stake in shares of Hf Foods Group during the 4th quarter worth approximately $456,000. Bridgeway Capital Management LLC raised its holdings in shares of Hf Foods Group by 665.4% during the 2nd quarter. Bridgeway Capital Management LLC now owns 105,818 shares of the company’s stock worth $337,000 after acquiring an additional 91,992 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Hf Foods Group during the 1st quarter worth approximately $319,000. 24.02% of the stock is currently owned by institutional investors.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value?added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in?house manufacturing, procurement of specialty ingredients, and third?party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf?stable salsas, sauces, dips, spreads and snack items.