Hf Foods Group (NASDAQ:HFFG) Shares Down 0.6% – Here’s What Happened

Hf Foods Group Inc. (NASDAQ:HFFG) shares fell 0.6% during trading on Monday. The stock traded as low as $1.55 and last traded at $1.58. Approximately 36,917 shares were traded during mid-day trading, a decline of 52% from the average daily volume of 76,568 shares. The stock had previously closed at $1.59.

Analyst Upgrades and Downgrades

HFFG has been the subject of a number of recent research reports. Alliance Global Partners reiterated a “buy” rating on shares of Hf Foods Group in a research note on Thursday, July 23rd. Weiss Ratings raised Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, September 22nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Hf Foods Group presently has an average rating of “Hold” and an average price target of $5.50.

Hf Foods Group Stock Performance

The business’s fifty day moving average price is $1.67 and its 200-day moving average price is $1.81. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.11 and a quick ratio of 0.49. The stock has a market capitalization of $84.36 million, a PE ratio of -2.41, a P/E/G ratio of 0.45 and a beta of 0.59.

Hf Foods Group (NASDAQ:HFFG) last released its quarterly earnings results on Monday, August 10th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The firm had revenue of $323.78 million for 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%. As a group, equities research analysts expect that Hf Foods Group Inc. will post 0.32 EPS for the current year.

Institutional Investors Weigh In On Hf Foods Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Hf Foods Group in the 2nd quarter worth approximately $907,000. North Star Investment Management Corp. lifted its holdings in shares of Hf Foods Group by 1,564.3% during the 1st quarter. North Star Investment Management Corp. now owns 466,000 shares of the company’s stock worth $862,000 after acquiring an additional 438,000 shares during the last quarter. Susquehanna International Group LLP lifted its holdings 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 acquiring an additional 126,834 shares during the last quarter. Renaissance Technologies LLC grew its position in Hf Foods Group by 93.6% in the first quarter. Renaissance Technologies LLC now owns 127,600 shares of the company’s stock worth $236,000 after acquiring an additional 61,700 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Hf Foods Group by 8.1% in the first quarter. Bank of New York Mellon Corp now owns 113,596 shares of the company’s stock worth $210,000 after acquiring an additional 8,500 shares in the last quarter. 24.02% of the stock is owned by hedge funds and other institutional investors.

About Hf Foods Group

HF Foods Group Inc (NASDAQ:HFFG) is a foodservice distributor serving restaurants and other foodservice customers in the United States. The company specializes in supplying Asian and Chinese restaurants, while also serving a broader range of independent and institutional foodservice businesses.

Its product portfolio includes fresh produce, meat, seafood, frozen and dry goods, beverages, and restaurant supplies. HF Foods also provides related services such as warehousing, order fulfillment, delivery, and support for customers’ day-to-day foodservice needs.

HF Foods traces its roots to 1997 and has expanded through a network of distribution facilities serving customers in multiple U.S.