HF Foods Group (NASDAQ:HFFG) Stock Price Down 2.5% – Time to Sell?

HF Foods Group Inc. (NASDAQ:HFFG)’s share price fell 2.5% during trading on Thursday . The stock traded as low as $3.81 and last traded at $3.86. 28,822 shares changed hands during trading, a decline of 44% from the average session volume of 51,195 shares. The stock had previously closed at $3.96.

HF Foods Group Stock Performance

The company’s 50-day simple moving average is $3.52 and its 200 day simple moving average is $3.36. The company has a current ratio of 1.18, a quick ratio of 0.45 and a debt-to-equity ratio of 0.43. The stock has a market cap of $203.57 million, a P/E ratio of -128.67 and a beta of 1.43.

Hedge Funds Weigh In On HF Foods Group

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of HF Foods Group during the 3rd quarter worth approximately $49,000. Vanguard Group Inc. raised its holdings in shares of HF Foods Group by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 1,859,613 shares of the company’s stock worth $6,509,000 after purchasing an additional 39,438 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of HF Foods Group by 30.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 238,069 shares of the company’s stock worth $715,000 after purchasing an additional 56,014 shares during the period. Renaissance Technologies LLC raised its holdings in shares of HF Foods Group by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock worth $211,000 after purchasing an additional 5,000 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of HF Foods Group by 10.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 119,683 shares of the company’s stock worth $359,000 after purchasing an additional 11,372 shares during the period. Institutional investors own 24.02% of the company’s stock.

About HF Foods Group

HF Foods Group Inc, through its subsidiaries, markets and distributes Asian specialty food, seafood, fresh produce, frozen and dry food, and non-food products to Asian and Chinese restaurants, and other foodservice customers in the United States. The company offers seafood, including lobsters, shrimp, crabs, scallops, and fish; Asian specialty food items, including noodles, rice, dried mushrooms and beans, sauces and seasonings, and spring rolls, as well as canned products, such as preserved vegetables, bamboo shoots, and water chestnuts; and meat and poultry products, including beef, pork, chicken, and duck.