Super Hi International (NASDAQ:HDL) Sees Strong Trading Volume – Time to Buy?

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw an uptick in trading volume on Wednesday . 1,575 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 1,197 shares.The stock last traded at $16.3060 and had previously closed at $16.40.

Analysts Set New Price Targets

HDL has been the subject of a number of analyst reports. Zacks Research upgraded shares of Super Hi International from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Super Hi International in a research report on Tuesday, December 23rd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Super Hi International currently has a consensus rating of “Reduce”.

Super Hi International Stock Down 0.6%

The company’s fifty day simple moving average is $17.41 and its 200 day simple moving average is $18.60. 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 firm has a market capitalization of $1.06 billion, a P/E ratio of 40.77 and a beta of -0.62.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in shares of Super Hi International during the fourth quarter valued at approximately $52,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Super Hi International during the second quarter valued at $157,000. Finally, XY Capital Ltd bought a new stake in shares of Super Hi International during the 3rd quarter valued at $186,000.

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.