An investigation for investors in HF Foods Group Inc. (NASDAQ: HFFG) shares over potential securities laws violations by HF Foods Group Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/20/2019 -- HF Foods Group Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of HF Foods Group Inc. (NASDAQ: HFFG), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by HF Foods Group Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Greensboro, NC based HF Foods Group Inc. markets and distributes fresh produces, frozen and dry food products, and non-food products primarily to Asian/Chinese restaurants and other food service customers in the Southeast region of the United States. HF Foods Group Inc. reported that its annual Total Revenue declined from $295.54 million in 2017 to $291 million in 2018 and that Net Income declined from $9.64 million in 2017 to $6.28 million in 2018.
Shares of HF Foods Group Inc. (NASDAQ: HFFG) declined from $35.00 per share in June 2019 to as low as $18.33 per share on September 6, 2019.
Those who purchased shares of HF Foods Group Inc. (NASDAQ: HFFG) have certain options and should contact the Shareholders Foundation.
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