Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Here’s Why

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw unusually-strong trading volume on Thursday . Approximately 1,510 shares traded hands during mid-day trading, a decline of 22% from the previous session’s volume of 1,934 shares.The stock last traded at $13.5710 and had previously closed at $13.39.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HDL shares. Zacks Research raised shares of Super Hi International from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Super Hi International in a report on Friday, March 27th. One equities research 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 company currently has a consensus rating of “Reduce”.

Super Hi International Price Performance

The firm’s fifty day simple moving average is $14.37 and its 200 day simple moving average is $16.04. The firm has a market cap of $889.94 million, a P/E ratio of 22.81 and a beta of -0.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.28 and a current ratio of 2.54.

Super Hi International (NASDAQ:HDL) last released its quarterly earnings data on Wednesday, May 20th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.16). Super Hi International had a net margin of 3.29% and a return on equity of 7.38%. The company had revenue of $225.93 million for the quarter, compared to the consensus estimate of $215.58 million. As a group, analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HDL. Bank of America Corp DE bought a new position in shares of Super Hi International during the 4th quarter valued at about $52,000. XY Capital Ltd bought a new position in shares of Super Hi International during the 3rd quarter valued at about $186,000. Finally, Jane Street Group LLC raised its position in shares of Super Hi International by 26.5% during the 4th quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock valued at $342,000 after buying an additional 4,457 shares in the last quarter.

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.