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 mail@shareholdersfoundation.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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.