Super Hi International (NASDAQ:HDL) Shares Gap Up – Should You Buy?

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) gapped up before the market opened on Thursday . The stock had previously closed at $15.34, but opened at $15.99. Super Hi International shares last traded at $15.50, with a volume of 1,166 shares trading hands.

Analysts Set New Price Targets

HDL has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of Super Hi International in a research note on Tuesday, December 23rd. Zacks Research lowered shares of Super Hi International from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Super Hi International Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.27 and a current ratio of 2.53. The firm has a fifty day moving average price of $16.57 and a two-hundred day moving average price of $17.35. The stock has a market capitalization of $985.20 million, a P/E ratio of 37.88 and a beta of -0.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of Super Hi International in the fourth quarter valued at approximately $52,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Super Hi International in the 2nd quarter worth $157,000. XY Capital Ltd purchased a new position in shares of Super Hi International during the 3rd quarter worth $186,000. Finally, Jane Street Group LLC raised its holdings in shares of Super Hi International by 26.5% during the 4th quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock worth $342,000 after acquiring an additional 4,457 shares during the period.

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.