Super Hi International (NASDAQ:HDL) Sees Strong Trading Volume – Should You Buy?

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw strong trading volume on Wednesday. Approximately 4,196 shares traded hands during trading, an increase of 154% from the previous session’s volume of 1,651 shares. The stock last traded at $10.4150 and had previously closed at $10.22.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HDL. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Super Hi International in a report on Monday, September 21st. Zacks Research upgraded shares of Super Hi International from a “strong sell” rating to a “hold” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Super Hi International Price Performance

The company has a market capitalization of $638.40 million, a PE ratio of 37.92 and a beta of -0.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.50 and a quick ratio of 2.25. The stock’s 50 day simple moving average is $12.05 and its 200-day simple moving average is $12.94.

Super Hi International (NASDAQ:HDL) last posted its quarterly earnings data on Thursday, August 27th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Super Hi International had a return on equity of 2.61% and a net margin of 1.16%. The company had revenue of $218.83 million for the quarter, compared to analysts’ expectations of $222.80 million. As a group, equities analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Super Hi International stock. XY Capital Ltd increased its position in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) by 11.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 13,303 shares of the company’s stock after purchasing an additional 1,348 shares during the period. XY Capital Ltd’s holdings in Super Hi International were worth $194,000 at the end of the most recent quarter.

About Super Hi International

Super Hi International Holding Ltd. is a restaurant company focused on operating Haidilao hot pot restaurants outside mainland China. Its restaurants offer Sichuan-style hot pot and related dishes, allowing customers to cook a selection of meats, seafood, vegetables, noodles and other ingredients at their tables. The company also emphasizes hospitality, restaurant service and an interactive dining experience.

The company was separated from Haidilao International Holding Ltd. and listed on the Nasdaq under the symbol HDL in 2022.