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Wing Yip Food Holdings Group (NASDAQ:WYHG) Shares Down 2.4% - Time to Sell?

Wing Yip Food Holdings Group logo with Consumer Staples background

Key Points

  • Wing Yip Food Holdings Group shares dropped 2.4% during trading, closing at $1.60, with a trading volume significantly higher than the average.
  • The company has a low debt-to-equity ratio of 0.03 and strong liquidity indicators, with a quick ratio of 3.30 and a current ratio of 3.57.
  • Advisors Preferred LLC has acquired a new stake in Wing Yip, purchasing 12,642 shares valued at approximately $114,000 during the first quarter.
  • Need better tools to track Wing Yip Food Holdings Group? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Wing Yip Food Holdings Group Limited - Sponsored ADR (NASDAQ:WYHG - Get Free Report) traded down 2.4% during mid-day trading on Tuesday . The company traded as low as $1.60 and last traded at $1.60. 689,313 shares traded hands during mid-day trading, an increase of 222% from the average session volume of 213,901 shares. The stock had previously closed at $1.64.

Wing Yip Food Holdings Group Stock Down 2.0%

The business has a 50-day simple moving average of $1.30 and a two-hundred day simple moving average of $5.13. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.30 and a current ratio of 3.57.

Hedge Funds Weigh In On Wing Yip Food Holdings Group

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

Wing Yip Food Holdings Group Company Profile

(Get Free Report)

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.

Further Reading

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