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

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HFFG. Wall Street Zen lowered shares of Hf Foods Group from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of Hf Foods Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Roth Mkm reaffirmed a “buy” rating on shares of Hf Foods Group in a research note on Wednesday, April 29th. Finally, Alliance Global Partners began coverage on shares of Hf Foods Group in a report on Thursday, April 16th. They issued a “buy” rating and a $5.00 price objective for the company. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Hf Foods Group has an average rating of “Hold” and a consensus target price of $5.50.

Hf Foods Group Stock Performance

The stock’s 50-day moving average price is $1.97 and its 200 day moving average price is $2.07. The company has a quick ratio of 0.49, a current ratio of 1.11 and a debt-to-equity ratio of 0.59. The company has a market cap of $98.65 million, a P/E ratio of -2.71, a price-to-earnings-growth ratio of 0.53 and a beta of 0.53.

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

Hedge Funds Weigh In On Hf Foods Group

Large investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new position in Hf Foods Group in the 1st quarter worth approximately $115,000. Jane Street Group LLC acquired a new stake in shares of Hf Foods Group in the first quarter worth $319,000. Geode Capital Management LLC increased its position in Hf Foods Group by 1.7% during the second quarter. Geode Capital Management LLC now owns 954,648 shares of the company’s stock worth $3,036,000 after acquiring an additional 15,714 shares during the period. American Century Companies Inc. bought a new position in Hf Foods Group during the second quarter worth $162,000. Finally, XTX Topco Ltd acquired a new position in Hf Foods Group during the 2nd quarter valued at $108,000. Institutional investors and hedge funds own 24.02% of the company’s stock.

About Hf Foods Group

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.