Super Hi International (NASDAQ:HDL) Trading Down 8.6% – Here’s What Happened

Super Hi International Holding Ltd. (NASDAQ:HDL)’s stock price traded down 8.6% during mid-day trading on Tuesday . The company traded as low as $23.38 and last traded at $23.25. 6,777 shares were traded during mid-day trading, a decline of 76% from the average session volume of 28,577 shares. The stock had previously closed at $25.45.

Super Hi International Stock Performance

The company has a quick ratio of 2.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $24.76 and its 200-day simple moving average is $20.86.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDL. Bank of America Corp DE purchased a new position in shares of Super Hi International during the 4th quarter worth about $52,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Super Hi International during the 4th quarter worth about $278,000. Finally, Jane Street Group LLC acquired a new stake in Super Hi International during the 4th quarter worth approximately $295,000.

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.