Hf Foods Group (NASDAQ:HFFG) Shares Down 1.2% – Here’s What Happened

Hf Foods Group Inc. (NASDAQ:HFFG) dropped 1.2% on Monday . The stock traded as low as $1.6450 and last traded at $1.68. Approximately 182,660 shares traded hands during trading, an increase of 49% from the average daily volume of 122,232 shares. The stock had previously closed at $1.70.

Analysts Set New Price Targets

HFFG has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hf Foods Group in a research note on Monday, December 29th. Wall Street Zen cut shares of Hf Foods Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Hf Foods Group currently has a consensus rating of “Hold” and a consensus target price of $7.00.

Hf Foods Group Stock Down 1.2%

The firm has a 50-day moving average price of $2.23 and a two-hundred day moving average price of $2.61. The firm has a market cap of $89.11 million, a price-to-earnings ratio of -1.95, a price-to-earnings-growth ratio of 0.25 and a beta of 0.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.42 and a current ratio of 1.19.

Hf Foods Group (NASDAQ:HFFG) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). Hf Foods Group had a negative net margin of 3.71% and a positive return on equity of 8.01%. The company had revenue of $306.98 million during the quarter, compared to analysts’ expectations of $303.41 million. On average, sell-side analysts forecast that Hf Foods Group Inc. will post 0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Hf Foods Group in the third quarter worth $39,000. Tower Research Capital LLC TRC increased its holdings in shares of Hf Foods Group by 192.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,450 shares of the company’s stock valued at $40,000 after purchasing an additional 8,197 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Hf Foods Group by 37.1% in the 2nd quarter. Invesco Ltd. now owns 16,070 shares of the company’s stock valued at $51,000 after purchasing an additional 4,351 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Hf Foods Group in the fourth quarter valued at about $60,000. Finally, Walleye Capital LLC purchased a new stake in Hf Foods Group during the second quarter worth about $61,000. 24.02% of the stock is owned by hedge funds and other institutional investors.

Hf Foods Group Company Profile

HF Foods Group, Inc, together with its subsidiaries, manufactures, imports and distributes a variety of ethnic and specialty food products primarily for retail and foodservice customers in the United States. The company focuses on value‐added fresh and frozen offerings that cater to growing consumer interest in Hispanic and other global cuisines. Its vertically integrated operations include in‐house manufacturing, procurement of specialty ingredients, and third‐party distribution partnerships.

The company’s product portfolio spans a broad range of categories, including fresh and frozen tamales, enchiladas, empanadas, tortillas and quesadillas, as well as shelf‐stable salsas, sauces, dips, spreads and snack items.