Wing Yip Food Holdings Group (NASDAQ:WYHG) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

Wing Yip Food Holdings Group Limited – Sponsored ADR (NASDAQ:WYHG)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $3.27 and traded as high as $4.07. Wing Yip Food Holdings Group shares last traded at $3.98, with a volume of 349,572 shares traded.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WYHG. Wall Street Zen raised Wing Yip Food Holdings Group to a “hold” rating in a research note on Saturday, August 22nd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Wing Yip Food Holdings Group in a research note on Friday, September 25th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Wing Yip Food Holdings Group Stock Up 24.8%

The company has a fifty day simple moving average of $3.74 and a 200 day simple moving average of $3.27.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group Limited is a food manufacturing and distribution company focused on traditional Chinese food products. Through its operating subsidiaries, the company produces and sells Chinese-style sausages, cured meat and related prepared-food products.

The company’s products are marketed primarily to consumers and food-service customers seeking Chinese specialty foods. Its business includes the processing, packaging and distribution of its products through established sales channels in the markets it serves.

Publicly available information about Wing Yip Food Holdings Group’s corporate history, geographic reach and leadership is limited.