HF Foods Group (NASDAQ:HFFG) Shares Down 2.5% - Time to Sell?

HF Foods Group Inc. (NASDAQ:HFFG - Get Free Report) shares traded down 2.5% 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 Price Performance

The company has a quick ratio of 0.45, a current ratio of 1.18 and a debt-to-equity ratio of 0.43. The business's 50 day simple moving average is $3.53 and its two-hundred day simple moving average is $3.36. The stock has a market capitalization of $200.93 million, a P/E ratio of -127.00 and a beta of 1.43.

Hedge Funds Weigh In On HF Foods Group

A number of hedge funds have recently added to or reduced their stakes in HFFG. SG Americas Securities LLC purchased a new position in HF Foods Group during the 3rd quarter worth $49,000. Perritt Capital Management Inc boosted its holdings in HF Foods Group by 40.0% during the second quarter. Perritt Capital Management Inc now owns 35,000 shares of the company's stock worth $105,000 after purchasing an additional 10,000 shares during the last quarter. Barclays PLC grew its position in HF Foods Group by 291.8% in the 3rd quarter. Barclays PLC now owns 56,685 shares of the company's stock worth $203,000 after purchasing an additional 42,217 shares in the last quarter. Renaissance Technologies LLC increased its stake in HF Foods Group by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 70,300 shares of the company's stock valued at $211,000 after buying an additional 5,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of HF Foods Group by 10.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 119,683 shares of the company's stock worth $359,000 after buying an additional 11,372 shares in the last quarter. Institutional investors and hedge funds 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.