Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Still a Buy?

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw an uptick in trading volume on Thursday . 2,311 shares were traded during mid-day trading, an increase of 27% from the previous session’s volume of 1,819 shares.The stock last traded at $16.67 and had previously closed at $16.21.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HDL. Weiss Ratings reissued a “sell (d+)” rating on shares of Super Hi International in a research note on Tuesday, December 23rd. Zacks Research upgraded Super Hi International from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on 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 quick ratio of 2.27 and a current ratio of 2.53. The company has a market capitalization of $1.09 billion, a P/E ratio of 41.77 and a beta of -0.50. The firm’s fifty day moving average is $16.77 and its 200 day moving average is $18.03.

Super Hi International (NASDAQ:HDL) last announced 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 business had revenue of $216.61 million for the quarter, compared to analysts’ expectations of $228.41 million. As a group, analysts predict that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 earnings per share for the current fiscal year.

Institutional Trading of Super Hi International

A number of hedge funds and other institutional investors have recently bought and sold shares of HDL. XY Capital Ltd bought a new stake in shares of Super Hi International during the third quarter worth $186,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new stake in Super Hi International in the 2nd quarter valued at about $157,000. Finally, Bank of America Corp DE bought a new position in Super Hi International in the 4th quarter worth about $52,000.

Super Hi International Company Profile

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.