Hf Foods Group (NASDAQ:HFFG) Stock Rating Upgraded by Wall Street Zen

Key Points

• Hf Foods Group has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increased confidence from analysts in the company's growth potential.
• The company's stock is currently trading at $3.22, down 3.0%, with a market cap of $177.13 million and a notable P/E ratio of -3.54.
• Significant institutional trading activity includes Bank of America increasing its stake by 84.0% and several new investments from other firms totaling over $2.3 million.

Wall Street Zen upgraded shares of Hf Foods Group (NASDAQ:HFFG - Free Report) from a buy rating to a strong-buy rating in a research note released on Saturday.

Hf Foods Group Trading Down 0.9%

Shares of HFFG stock traded down $0.03 on Friday, reaching $3.30. The company had a trading volume of 42,571 shares, compared to its average volume of 120,447. 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 stock has a market cap of $181.54 million, a PE ratio of -3.63, a PEG ratio of 1.28 and a beta of 0.62. The company has a 50-day moving average of $3.19 and a 200-day moving average of $3.45. Hf Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93.

Hedge Funds Weigh In On Hf Foods Group

Several institutional investors and hedge funds have recently modified their holdings of HFFG. Bank of America Corp DE boosted its position in Hf Foods Group by 84.0% during the 4th quarter. Bank of America Corp DE now owns 48,807 shares of the company's stock worth $157,000 after acquiring an additional 22,280 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in Hf Foods Group during the 1st quarter worth approximately $681,000. Nuveen LLC acquired a new position in Hf Foods Group during the 1st quarter worth approximately $1,596,000. Northern Trust Corp boosted its position in Hf Foods Group by 4.7% during the 4th quarter. Northern Trust Corp now owns 320,658 shares of the company's stock worth $1,029,000 after acquiring an additional 14,275 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new position in Hf Foods Group during the 4th quarter worth approximately $36,000. 24.02% of the stock is currently owned by institutional investors and hedge funds.

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.