Super Hi International (NASDAQ:HDL) Sees Strong Trading Volume – Still a Buy?

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) shares saw unusually-strong trading volume on Thursday . Approximately 2,658 shares changed hands during trading, an increase of 47% from the previous session’s volume of 1,806 shares.The stock last traded at $16.81 and had previously closed at $17.00.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Zacks Research upgraded Super Hi International from a “strong sell” rating to a “hold” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of Super Hi International in a research report on Wednesday. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Super Hi International currently has an average rating of “Reduce”.

Super Hi International Trading Down 0.4%

The company has a fifty day moving average of $17.62 and a 200-day moving average of $18.79. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 42.33 and a beta of -0.62.

Super Hi International (NASDAQ:HDL) last released its earnings results on Wednesday, November 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.10). Super Hi International had a net margin of 2.52% and a return on equity of 5.55%. The firm had revenue of $216.61 million during the quarter, compared to analysts’ expectations of $228.41 million. As a group, equities research analysts anticipate that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Hi International

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XY Capital Ltd acquired a new stake in Super Hi International in the 3rd quarter valued at about $186,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in shares of Super Hi International in the second quarter valued at approximately $157,000. Finally, Bank of America Corp DE acquired a new stake in shares of Super Hi International in the fourth quarter valued at approximately $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.