Super Hi International (NASDAQ:HDL) Shares Gap Down – Here’s What Happened

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $16.62, but opened at $16.01. Super Hi International shares last traded at $16.49, with a volume of 516 shares.

Analysts Set New Price Targets

HDL has been the topic of a number of recent analyst reports. Zacks Research raised shares of Super Hi International from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Super Hi International in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Super Hi International Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 2.53 and a quick ratio of 2.27. The company’s 50 day simple moving average is $17.02 and its 200 day simple moving average is $18.23. The company has a market capitalization of $1.07 billion, a PE ratio of 41.14 and a beta of -0.50.

Super Hi International (NASDAQ:HDL) last issued its earnings results on Wednesday, November 26th. The company reported $0.10 earnings per share (EPS) 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 company had revenue of $216.61 million during the quarter, compared to analyst estimates of $228.41 million. As a group, sell-side analysts predict that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 earnings per share for the current year.

Institutional Trading of Super Hi International

A number of hedge funds and other institutional investors have recently made changes to their positions in HDL. Bank of America Corp DE purchased a new stake in shares of Super Hi International in the 4th quarter valued at about $52,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Super Hi International during the second quarter worth approximately $157,000. Finally, XY Capital Ltd purchased a new stake in 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.