Super Hi International (NASDAQ:HDL) Lowered to Strong Sell Rating by Zacks Research

Super Hi International (NASDAQ:HDL) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Super Hi International in a report on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Super Hi International Price Performance

Shares of HDL opened at $12.00 on Wednesday. The business has a 50-day simple moving average of $13.36 and a two-hundred day simple moving average of $15.16. The stock has a market cap of $780.43 million, a PE ratio of 20.00 and a beta of -0.16. Super Hi International has a 12-month low of $12.00 and a 12-month high of $21.21. 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 (NASDAQ:HDL) last released its earnings results on Friday, May 15th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.16). The firm 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%. Analysts anticipate that Super Hi International will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC lifted its holdings in shares of Super Hi International by 26.5% in 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 last quarter. XY Capital Ltd grew its holdings in shares of Super Hi International by 11.3% during the 1st quarter. XY Capital Ltd now owns 13,303 shares of the company’s stock valued at $194,000 after purchasing an additional 1,348 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of Super Hi International during the 4th quarter valued at $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.