Super Hi International (NASDAQ:HDL) Sees Strong Trading Volume – Here’s What Happened

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw unusually-high trading volume on Thursday . Approximately 836 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 1,147 shares.The stock last traded at $17.45 and had previously closed at $17.00.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HDL shares. Zacks Research upgraded Super Hi International from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Super Hi International in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Super Hi International Stock Performance

The company has a quick ratio of 2.26, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.13 billion, a P/E ratio of 19.32 and a beta of -0.58. The business has a fifty day simple moving average of $18.14 and a 200-day simple moving average of $19.49.

Super Hi International (NASDAQ:HDL) last released its earnings results on Tuesday, August 26th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. Super Hi International had a net margin of 6.81% and a return on equity of 14.94%. The firm had revenue of $198.95 million for the quarter. On average, sell-side analysts predict that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 EPS for the current fiscal year.

Institutional Trading of Super Hi International

A number of hedge funds have recently made changes to their positions in HDL. Bank of America Corp DE purchased a new position in Super Hi International during the fourth quarter valued at $52,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Super Hi International in the second quarter worth $157,000. Finally, XY Capital Ltd bought a new position in shares of Super Hi International during the third quarter valued at $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.