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

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

HF Foods Group Price Performance

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

Institutional Trading of HF Foods Group

Several hedge funds have recently added to or reduced their stakes in HFFG. Vanguard Group Inc. lifted its stake in HF Foods Group by 2.2% in the first 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 last quarter. Bank of New York Mellon Corp raised its stake in shares of HF Foods Group by 10.5% during the second quarter. Bank of New York Mellon Corp now owns 119,683 shares of the company’s stock valued at $359,000 after acquiring an additional 11,372 shares during the last quarter. Perritt Capital Management Inc raised its stake in shares of HF Foods Group by 40.0% during the second quarter. Perritt Capital Management Inc now owns 35,000 shares of the company’s stock valued at $105,000 after acquiring an additional 10,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of HF Foods Group by 30.8% during the second quarter. Dimensional Fund Advisors LP now owns 238,069 shares of the company’s stock valued at $715,000 after acquiring an additional 56,014 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of HF Foods Group by 7.7% during the second quarter. Renaissance Technologies LLC now owns 70,300 shares of the company’s stock valued at $211,000 after acquiring an additional 5,000 shares during the last quarter. 24.02% of the stock is owned by institutional investors.

HF Foods Group Company Profile

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.