HF Foods Group (NASDAQ:HFFG) Coverage Initiated by Analysts at Roth Capital

Roth Capital began coverage on shares of HF Foods Group (NASDAQ:HFFG - Free Report) in a research report sent to investors on Friday, Marketbeat reports. The brokerage issued a buy rating and a $7.00 price target on the stock.

HF Foods Group Stock Performance

NASDAQ:HFFG traded down $0.23 during trading on Friday, reaching $4.12. The company's stock had a trading volume of 238,552 shares, compared to its average volume of 86,601. The firm has a market cap of $217.28 million, a price-to-earnings ratio of -137.33 and a beta of 0.58. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.45 and a current ratio of 1.18. The firm has a 50 day moving average of $3.63 and a 200-day moving average of $3.27. HF Foods Group has a 12 month low of $1.70 and a 12 month high of $4.93.

HF Foods Group (NASDAQ:HFFG - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.06). HF Foods Group had a negative net margin of 0.16% and a positive return on equity of 6.96%. Research analysts expect that HF Foods Group will post 0.22 EPS for the current fiscal year.

Institutional Trading of HF Foods Group

A number of hedge funds and other institutional investors have recently made changes to their positions in HFFG. JPMorgan Chase & Co. increased its stake in HF Foods Group by 100.2% in the 4th quarter. JPMorgan Chase & Co. now owns 150,504 shares of the company's stock worth $483,000 after acquiring an additional 75,319 shares during the last quarter. SG Americas Securities LLC boosted its holdings in HF Foods Group by 41.4% during the 4th quarter. SG Americas Securities LLC now owns 19,418 shares of the company's stock valued at $62,000 after acquiring an additional 5,686 shares during the period. Prudential Financial Inc. purchased a new stake in HF Foods Group during the 4th quarter valued at about $42,000. Barclays PLC lifted its holdings in HF Foods Group by 291.8% in the 3rd quarter. Barclays PLC now owns 56,685 shares of the company's stock worth $203,000 after buying an additional 42,217 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in HF Foods Group in the 4th quarter worth approximately $42,000. 24.02% of the stock is currently owned by institutional investors.

HF Foods Group Company Profile

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.