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

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw unusually-high trading volume on Tuesday . Approximately 2,744 shares traded hands during mid-day trading, an increase of 118% from the previous session’s volume of 1,261 shares.The stock last traded at $17.74 and had previously closed at $17.40.

Analyst Upgrades and Downgrades

HDL has been the subject of a number of analyst reports. Zacks Research upgraded shares of Super Hi International from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Super Hi International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

Super Hi International Price Performance

The stock has a market cap of $1.16 billion, a PE ratio of 19.78 and a beta of -0.58. The stock’s fifty day moving average is $17.87 and its 200-day moving average is $19.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 2.26.

Super Hi International (NASDAQ:HDL) last issued its quarterly earnings data on Wednesday, November 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The business had revenue of $214.05 million for the quarter, compared to analyst estimates of $228.41 million. Super Hi International had a return on equity of 14.94% and a net margin of 6.81%. As a group, equities analysts anticipate that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 EPS for the current year.

Hedge Funds Weigh In On Super Hi International

Several hedge funds have recently bought and sold shares of HDL. Bank of America Corp DE acquired a new position in Super Hi International in the 4th quarter valued at about $52,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Super Hi International during the second quarter worth about $157,000. Finally, XY Capital Ltd purchased a new position in shares of Super Hi International in the third quarter valued at approximately $186,000.

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.