Super Hi International (NASDAQ:HDL) Stock Price Down 5.2% – Here’s What Happened

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) traded down 5.2% on Wednesday . The company traded as low as $12.74 and last traded at $13.01. 190 shares changed hands during trading, a decline of 90% from the average session volume of 1,990 shares. The stock had previously closed at $13.73.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HDL shares. Zacks Research raised shares of Super Hi International from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Super Hi International in a research note on Friday, March 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Super Hi International presently has an average rating of “Reduce”.

Super Hi International Price Performance

The stock has a market capitalization of $840.51 million, a price-to-earnings ratio of 21.54 and a beta of -0.16. The business’s fifty day moving average price is $13.92 and its 200-day moving average price is $15.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.54 and a quick ratio of 2.28.

Super Hi International (NASDAQ:HDL) last issued its quarterly earnings data on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). The business had revenue of $225.93 million for the quarter, compared to analyst estimates of $215.58 million. Super Hi International had a net margin of 3.29% and a return on equity of 7.38%. On average, research analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HDL. XY Capital Ltd purchased a new position in Super Hi International during the third quarter worth about $186,000. Jane Street Group LLC boosted its holdings in Super Hi International by 26.5% during the fourth quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock worth $342,000 after purchasing an additional 4,457 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in Super Hi International during the fourth quarter worth about $52,000.

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.