Hf Foods Group (NASDAQ:HFFG) Stock Price Down 5.4% - Here's Why

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.

Hf Foods Group Inc. (NASDAQ:HFFG - Get Free Report)'s stock price dropped 5.4% during trading on Monday . The stock traded as low as $3.49 and last traded at $3.49. Approximately 135,043 shares changed hands during trading, an increase of 30% from the average daily volume of 103,592 shares. The stock had previously closed at $3.69.

Analyst Upgrades and Downgrades

HFFG has been the subject of several research analyst reports. Wall Street Zen cut shares of Hf Foods Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 5th. Roth Capital initiated 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 on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $7.00.

Hf Foods Group Trading Down 5.4%

The company's fifty day moving average price is $3.18 and its two-hundred day moving average price is $3.34. The company has a current ratio of 1.19, a quick ratio of 0.44 and a debt-to-equity ratio of 0.53. The firm has a market cap of $191.98 million, a P/E ratio of -3.84, a price-to-earnings-growth ratio of 1.43 and a beta of 0.55.

Institutional Investors Weigh In On Hf Foods Group

Large investors have recently made changes to their positions in the company. ProShare Advisors LLC bought a new stake in shares of Hf Foods Group in the 4th quarter worth about $36,000. XTX Topco Ltd bought a new stake in shares of Hf Foods Group in the 4th quarter worth about $38,000. Tower Research Capital LLC TRC lifted its position in Hf Foods Group by 192.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company's stock worth $40,000 after buying an additional 8,197 shares in the last quarter. Invesco Ltd. lifted its position in Hf Foods Group by 37.1% during the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company's stock worth $51,000 after buying an additional 4,351 shares in the last quarter. Finally, Choreo LLC acquired a new position in Hf Foods Group during the 1st quarter worth about $56,000. 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.

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