Wing Yip Food Holdings Group (NASDAQ:WYHG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Wing Yip Food Holdings Group to “hold,” while Weiss Ratings made a smaller adjustment from “sell (d)” to “sell (d+).” MarketBeat data shows the stock has an average analyst rating of “Sell.”
• WYHG shares opened at $5.35 after recently trading down 6.3%; the stock has ranged from $1.56 to $26.17 over the past 52 weeks and remains above its 50-day and 200-day moving averages.
• Several institutional investors established or increased positions, including Goldman Sachs, which raised its holdings by 73.1%, and Renaissance Technologies, which increased its stake by 296.1%.

Wing Yip Food Holdings Group (NASDAQ:WYHG - Get Free Report) was upgraded by equities researchers at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings upgraded Wing Yip Food Holdings Group from a "sell (d)" rating to a "sell (d+)" rating in a research report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Wing Yip Food Holdings Group Trading Down 6.3%

Wing Yip Food Holdings Group stock opened at $5.35 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.77 and a quick ratio of 4.42. Wing Yip Food Holdings Group has a 52 week low of $1.56 and a 52 week high of $26.17. The stock has a fifty day moving average of $4.59 and a 200-day moving average of $3.17.

Institutional Trading of Wing Yip Food Holdings Group

Hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Wing Yip Food Holdings Group during the third quarter worth $38,000. Centiva Capital LP bought a new position in shares of Wing Yip Food Holdings Group in the 3rd quarter valued at $37,000. Citadel Advisors LLC bought a new position in shares of Wing Yip Food Holdings Group in the 3rd quarter valued at $46,000. Goldman Sachs Group Inc. boosted its holdings in shares of Wing Yip Food Holdings Group by 73.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 137,500 shares of the company's stock valued at $76,000 after acquiring an additional 58,045 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Wing Yip Food Holdings Group by 296.1% during the 4th quarter. Renaissance Technologies LLC now owns 60,200 shares of the company's stock valued at $33,000 after acquiring an additional 45,000 shares in the last quarter.

Wing Yip Food Holdings Group Company Profile

Wing Yip Food Holdings Group NASDAQ: WYHG is a specialist retailer and distributor of Asian food products, operating a network of hypermarkets, wholesale warehouses and online channels. The company's core business encompasses the sourcing, importation and sale of a broad assortment of groceries from China, Southeast Asia and other regions, including fresh produce, frozen seafood, rice, noodles, sauces, spices and specialty ingredients.

Through its flagship hypermarkets in key metropolitan areas of the United Kingdom, Wing Yip provides both retail customers and foodservice operators with access to a comprehensive range of Asian culinary products.

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