Super Hi International (NASDAQ:HDL) Trading Down 5.7% After Earnings Miss

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL)’s stock price traded down 5.7% during trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $13.50 and last traded at $13.3250. 509 shares traded hands during trading, a decline of 70% from the average daily volume of 1,704 shares. The stock had previously closed at $14.13.

The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The business had revenue of $218.83 million during the quarter, compared to analysts’ expectations of $222.80 million. Super Hi International had a return on equity of 7.38% and a net margin of 3.29%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Super Hi International in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Super Hi International from a “strong sell” rating to a “hold” rating in a report on Thursday, July 30th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce”.

Institutional Trading of Super Hi International

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC boosted its position 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 purchasing an additional 4,457 shares in the last quarter. XY Capital Ltd raised its position in Super Hi International by 11.3% during the first quarter. XY Capital Ltd now owns 13,303 shares of the company’s stock worth $194,000 after acquiring an additional 1,348 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in Super Hi International during the fourth quarter worth about $52,000.

Super Hi International Stock Down 5.7%

The firm’s fifty day simple moving average is $13.03 and its 200-day simple moving average is $14.26. The company has a market cap of $866.52 million, a PE ratio of 22.21 and a beta of -0.14. The company has a quick ratio of 2.28, a current ratio of 2.54 and a debt-to-equity ratio of 0.45.

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.