Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Still a Buy?

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw an uptick in trading volume on Tuesday . 4,857 shares were traded during mid-day trading, an increase of 272% from the previous session’s volume of 1,304 shares.The stock last traded at $16.25 and had previously closed at $15.83.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HDL. Weiss Ratings reiterated a “sell (d+)” rating on shares of Super Hi International in a report on Tuesday, December 23rd. Zacks Research raised Super Hi International from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Super Hi International Price Performance

The stock has a 50-day moving average price of $17.19 and a two-hundred day moving average price of $18.41. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 40.01 and a beta of -0.50.

Super Hi International (NASDAQ:HDL) last released its quarterly earnings results on Wednesday, November 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The business had revenue of $216.61 million during the quarter, compared to analysts’ expectations of $228.41 million. Super Hi International had a net margin of 2.52% and a return on equity of 5.55%. As a group, equities research analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 EPS for the current year.

Institutional Investors Weigh In On Super Hi International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new position in shares of Super Hi International in the 4th quarter valued at $52,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Super Hi International during the 2nd quarter worth about $157,000. Finally, XY Capital Ltd purchased a new stake in Super Hi International during the 3rd quarter valued at about $186,000.

Super Hi International Company Profile

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.