Super Hi International (NASDAQ:HDL) Shares Gap Up – Here’s Why

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL)’s share price gapped up before the market opened on Friday. The stock had previously closed at $10.68, but opened at $11.43. Super Hi International shares last traded at $11.41, with a volume of 1,199 shares traded.

Wall Street Analysts Forecast Growth

HDL has been the subject of several analyst reports. Zacks Research upgraded Super Hi International from a “strong sell” rating to a “hold” rating in a report on Thursday, July 30th. Weiss Ratings reiterated a “sell (d)” rating on shares of Super Hi International in a report on Monday, September 21st. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Super Hi International has a consensus rating of “Reduce”.

Super Hi International Trading Up 6.8%

The business has a fifty day moving average price of $12.77 and a two-hundred day moving average price of $13.37. The company has a current ratio of 2.50, a quick ratio of 2.25 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $741.99 million, a PE ratio of 42.26 and a beta of -0.06.

Super Hi International (NASDAQ:HDL) last issued its quarterly earnings data on Thursday, August 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). Super Hi International had a net margin of 1.16% and a return on equity of 2.61%. The company had revenue of $218.83 million during the quarter, compared to analysts’ expectations of $222.80 million. Analysts expect that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Hi International

An institutional investor recently raised its position in Super Hi International stock. XY Capital Ltd boosted its stake in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) by 11.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,303 shares of the company’s stock after purchasing an additional 1,348 shares during the period. XY Capital Ltd’s holdings in Super Hi International were worth $194,000 at the end of the most recent quarter.

About Super Hi International

Super Hi International Holding Ltd. (NASDAQ: HDL) operates Haidilao hot pot restaurants outside mainland China. The company provides dine-in Chinese hot pot services, allowing customers to select ingredients such as meats, seafood, vegetables, noodles and other items to cook in a shared broth at the table. Its restaurants also offer a range of beverages, desserts and other complementary menu items.

The company’s international business developed from Haidilao’s overseas expansion, which began with a restaurant in Singapore in 2012.