Haidilao International (OTCMKTS:HDALF) Stock Price Down 3.2% – Here’s Why

Shares of Haidilao International Holding Ltd. (OTCMKTS:HDALF – Get Free Report) dropped 3.2% during trading on Monday. The company traded as low as $1.21 and last traded at $1.21. 2,500 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 27,775 shares. The stock had previously closed at $1.25.

Haidilao International Price Performance

The business’s 50-day simple moving average is $1.45 and its two-hundred day simple moving average is $1.66.

Haidilao International Company Profile

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Haidilao International Holding Ltd. is a Chinese restaurant company best known for operating Haidilao, a hotpot dining brand. Its restaurants offer customizable hotpot meals in which customers cook a selection of meats, seafood, vegetables, noodles and other ingredients in simmering broths at the table. The company also provides sauces, beverages, desserts and prepared dishes, with menus and offerings adapted to local markets.

Haidilao was founded in 1994 in Jianyang, Sichuan Province, China.

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