Hf Foods Group (NASDAQ:HFFG) Trading Down 5.4% - What's Next?

Key Points

• Hf Foods Group (NASDAQ:HFFG) experienced a stock price decline of 5.4%, closing at $3.49 on Monday, with trading volume increasing by 30% compared to the average.
• Analysts have recently downgraded Hf Foods from a "strong-buy" to a "buy" rating, with a consensus price target of $7.00.
• Institutional investors hold 24.02% of Hf Foods' stock, with several firms increasing their stakes during recent quarters.

Shares of Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report) traded down 5.4% during trading on Monday . The stock traded as low as $3.49 and last traded at $3.49. 135,043 shares were traded during mid-day trading, an increase of 30% from the average session volume of 103,592 shares. The stock had previously closed at $3.69.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on HFFG shares. Wall Street Zen lowered shares of Hf Foods Group from a "strong-buy" rating to a "buy" rating in a report on Saturday, July 5th. Roth Capital started coverage on shares of Hf Foods Group in a report on Friday, May 9th. They issued a "buy" rating and a $7.00 price target for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Hf Foods Group has an average rating of "Buy" and an average price target of $7.00.

Hf Foods Group Stock Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.44 and a current ratio of 1.19. The firm has a market cap of $180.43 million, a P/E ratio of -3.60, a price-to-earnings-growth ratio of 1.30 and a beta of 0.55. The firm's fifty day moving average price is $3.19 and its 200 day moving average price is $3.36.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HFFG. Wells Fargo & Company MN grew its position in shares of Hf Foods Group by 29.3% in the 4th quarter. Wells Fargo & Company MN now owns 23,631 shares of the company's stock worth $76,000 after buying an additional 5,348 shares during the last quarter. Barclays PLC grew its position in shares of Hf Foods Group by 8.2% in the 4th quarter. Barclays PLC now owns 61,350 shares of the company's stock worth $197,000 after buying an additional 4,665 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Hf Foods Group in the 4th quarter worth approximately $38,000. Dimensional Fund Advisors LP grew its position in shares of Hf Foods Group by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 291,360 shares of the company's stock worth $935,000 after buying an additional 21,996 shares during the last quarter. Finally, MetLife Investment Management LLC grew its position in shares of Hf Foods Group by 458.0% in the 4th quarter. MetLife Investment Management LLC now owns 23,381 shares of the company's stock worth $75,000 after buying an additional 19,191 shares during the last quarter. Hedge funds and other institutional investors own 24.02% of the company's stock.

About Hf Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.