Wing Yip Food Holdings Group (NASDAQ:WYHG) Trading 7.6% Higher - 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.

Shares of Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Get Free Report) rose 7.6% during trading on Wednesday . The stock traded as high as $1.29 and last traded at $1.28. Approximately 432,044 shares were traded during trading, a decline of 17% from the average daily 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 quick ratio of 3.51 and a current ratio of 3.63. The business's 50 day moving average is $1.34 and its two-hundred day moving average is $4.15.

Institutional Trading of Wing Yip Food Holdings Group

A hedge fund recently bought a new stake in Wing Yip Food Holdings Group stock. Advisors Preferred LLC bought a new stake in shares of Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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.