HF Foods Group Inc (NASDAQ:HFFG) shares fall 10.5%
HF Foods Group Inc. (NASDAQ:HFFG – Get Rating) traded down 10.5% in Tuesday’s trading. The company traded as low as $5.38 and last traded at $5.39. 45,784 shares were traded at midday, down 41% from the average session volume of 77,329 shares. The stock previously closed at $6.02.
The stock has a market capitalization of $279.81 million, a PE ratio of 19.25 and a beta of 1.59. The company has a 50-day moving average price of $5.42 and a 200-day moving average price of $6.44. The company has a debt ratio of 0.36, a current ratio of 1.33 and a quick ratio of 0.54.
Several large investors have recently changed their positions in HFFG. Citigroup Inc. increased its holdings of HF Foods Group stock by 143.6% during the third quarter. Citigroup Inc. now owns 4,511 shares of the company valued at $27,000 after purchasing an additional 2,659 shares in the last quarter. Zebra Capital Management LLC bought a new stock position in HF Foods Group during the first quarter at a value of $71,000. Strs Ohio bought a new stock position in HF Foods Group during the first quarter worth $79,000. Lazard Asset Management LLC increased its holdings of HF Foods Group shares by 102.0% during the fourth quarter. Lazard Asset Management LLC now owns 10,990 shares of the company valued at $92,000 after purchasing an additional 5,549 shares last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of the HF Foods group by 62.7% during the fourth quarter. BNP Paribas Arbitrage SA now owns 15,087 shares in the company valued at $128,000 after buying an additional 5,816 shares last quarter. 14.03% of the shares are currently held by hedge funds and other institutional investors.
HF Foods Group Company Profile (NASDAQ: HFFG)
HF Foods Group Inc, through its subsidiaries, operates as a foodservice distributor for Asian restaurants located in the Southeast, Pacific and Mountain West regions of the United States. It distributes Asian food specialties, meat and poultry products, seafood, fresh produce, packaging and other items, as well as basic products.
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