Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Here’s Why

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw unusually-strong trading volume on Thursday . Approximately 1,510 shares traded hands during trading, a decline of 22% from the previous session’s volume of 1,934 shares.The stock last traded at $13.5710 and had previously closed at $13.39.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HDL shares. Zacks Research upgraded shares of Super Hi International from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d)” rating on shares of Super Hi International in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

Super Hi International Price Performance

The firm’s 50-day moving average price is $14.37 and its 200-day moving average price is $16.04. The company has a current ratio of 2.54, a quick ratio of 2.28 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $889.94 million, a PE ratio of 22.81 and a beta of -0.15.

Super Hi International (NASDAQ:HDL) last announced its earnings results on Wednesday, May 20th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). The business had revenue of $225.93 million for the quarter, compared to analysts’ expectations of $215.58 million. Super Hi International had a net margin of 3.29% and a return on equity of 7.38%. On average, equities analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 EPS for the current fiscal year.

Institutional Trading of Super Hi International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE purchased a new stake in Super Hi International in the 4th quarter worth about $52,000. XY Capital Ltd purchased a new stake in Super Hi International in the 3rd quarter worth about $186,000. Finally, Jane Street Group LLC raised its position in Super Hi International by 26.5% in the 4th quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock worth $342,000 after purchasing an additional 4,457 shares during the period.

About Super Hi International

Super Hi International Holding Ltd., an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients. The company was incorporated in 2022 and is based in Singapore.