Wing Yip Food Holdings Group (NASDAQ:WYHG) Stock Price Up 7.6% - Still a Buy?

Key Points

• Wing Yip Food Holdings Group stock surged by 7.6% recently, reaching a high of $1.29 before closing at $1.28, although trading volumes dropped by 17% compared to the average.
• The company maintains a healthy financial position with a debt-to-equity ratio of 0.03 and strong liquidity indicators, reflected in a current ratio of 3.63.
• Institutional interest in Wing Yip increased as Advisors Preferred LLC acquired over 12,000 shares valued at approximately $114,000, indicating positive market sentiment.

Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - ) shot up 7.6% on Wednesday . The stock traded as high as $1.29 and last traded at $1.28. 432,044 shares were traded during mid-day trading, a decline of 17% from the average session volume of 518,586 shares. The stock had previously closed at $1.19.

Wing Yip Food Holdings Group Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 3.63 and a quick ratio of 3.51. The stock has a 50-day moving average price of $1.34 and a two-hundred day moving average price of $4.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wing Yip Food Holdings Group stock. Advisors Preferred LLC acquired a new position in Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,642 shares of the company's stock, valued at approximately $114,000.

About Wing Yip Food Holdings Group

Wing Yip Food Holdings Group Ltd. is a holding company. It engages in the business of processing, selling, and distributing cured meat products including cured pork sausages, cured pork meat, and other cured meat products such as cured chicken, cured duck, and cured fish; snack products including ready-to-eat sausages, jerky, duck necks, duck feet, and clay pot rice; and frozen meat products including frozen sausages, frozen beef patties, and frozen chicken breast fillets.

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