Happy City (NASDAQ:HCHL) Trading 0.6% Higher – Should You Buy?

Shares of Happy City Holdings Limited (NASDAQ:HCHL) were up 0.6% during trading on Friday . The stock traded as high as $3.50 and last traded at $3.44. Approximately 592,205 shares were traded during trading, an increase of 30% from the average daily volume of 454,589 shares. The stock had previously closed at $3.42.

Happy City Stock Up 0.6%

The company’s fifty day simple moving average is $1.88 and its two-hundred day simple moving average is $2.49.

Hedge Funds Weigh In On Happy City

An institutional investor recently bought a new position in Happy City stock. Quadrature Capital Ltd purchased a new stake in Happy City Holdings Limited (NASDAQ:HCHL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 106,115 shares of the company’s stock, valued at approximately $415,000. Quadrature Capital Ltd owned 0.55% of Happy City at the end of the most recent reporting period.

Happy City Company Profile

Headquartered in Hong Kong, we are a restaurant operator that operates three all-you-can-eat hotpot restaurant through our wholly-owned Operating Subsidiaries in Hong Kong. We have been in the restaurant services industry serving the Hong Kong market for over 5 years, which is a relatively short operating history compared to some of our established competitors. Our restaurants serves all-you-can-eat Thai and Japanese hotpot to our customers under the brand names “Thai Pot” and “Gyu! Gyu! Shabu Shabu”.