Super Hi International (NASDAQ:HDL) Shares Gap Down – Time to Sell?

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $18.32, but opened at $17.69. Super Hi International shares last traded at $17.62, with a volume of 753 shares traded.

Wall Street Analysts Forecast Growth

HDL has been the topic of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Super Hi International in a report on Wednesday, October 8th. Zacks Research raised Super Hi International from a “strong sell” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat, Super Hi International presently has an average rating of “Reduce”.

Super Hi International Stock Down 4.4%

The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.14 billion, a P/E ratio of 43.80 and a beta of -0.62. The stock’s 50-day simple moving average is $17.83 and its 200-day simple moving average is $18.97.

Super Hi International (NASDAQ:HDL) last announced its earnings results on Wednesday, November 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). The business had revenue of $216.61 million during the quarter, compared to analysts’ expectations of $228.41 million. Super Hi International had a return on equity of 5.55% and a net margin of 2.52%. As a group, research analysts predict that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Hi International

Several large investors have recently made changes to their positions in the business. XY Capital Ltd purchased a new stake in Super Hi International during the third quarter worth about $186,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Super Hi International during the 2nd quarter valued at approximately $157,000. Finally, Bank of America Corp DE purchased a new stake in shares of Super Hi International during the 4th quarter worth approximately $52,000.

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.