Hf Foods Group (NASDAQ:HFFG) Stock Price Down 2.7% – Time to Sell?

Hf Foods Group Inc. (NASDAQ:HFFG) dropped 2.7% during mid-day trading on Tuesday . The company traded as low as $2.16 and last traded at $2.18. Approximately 136,144 shares were traded during trading, an increase of 23% from the average daily volume of 110,576 shares. The stock had previously closed at $2.24.

Analyst Upgrades and Downgrades

HFFG has been the subject of a number of recent research reports. Wall Street Zen lowered Hf Foods Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hf Foods Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hf Foods Group has an average rating of “Hold” and an average price target of $7.00.

Hf Foods Group Trading Down 2.7%

The company has a quick ratio of 0.42, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average is $2.36 and its 200 day moving average is $2.77. The company has a market cap of $115.63 million, a price-to-earnings ratio of -2.53, a price-to-earnings-growth ratio of 0.33 and a beta of 0.42.

Hf Foods Group (NASDAQ:HFFG) last posted its earnings results on Monday, November 10th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). Hf Foods Group had a positive return on equity of 8.01% and a negative net margin of 3.71%.The firm had revenue of $306.98 million for the quarter, compared to analysts’ expectations of $303.41 million. Research analysts predict that Hf Foods Group Inc. will post 0.22 EPS for the current year.

Hedge Funds Weigh In On Hf Foods Group

A number of large investors have recently added to or reduced their stakes in HFFG. Cubist Systematic Strategies LLC acquired a new position in Hf Foods Group during the first quarter worth $115,000. Jane Street Group LLC purchased a new stake in shares of Hf Foods Group during the first quarter worth about $319,000. Strs Ohio acquired a new position in shares of Hf Foods Group during the 1st quarter worth about $322,000. Los Angeles Capital Management LLC raised its position in shares of Hf Foods Group by 393.3% during the 2nd quarter. Los Angeles Capital Management LLC now owns 129,797 shares of the company’s stock worth $413,000 after purchasing an additional 103,483 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Hf Foods Group by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock valued at $3,036,000 after buying an additional 15,714 shares in the last quarter. 24.02% of the stock is currently owned by institutional investors and hedge funds.

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.