Super Hi International (NASDAQ:HDL) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw unusually-high trading volume on Thursday . Approximately 2,658 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 1,806 shares.The stock last traded at $16.81 and had previously closed at $17.00.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Super Hi International in a research report on Wednesday, October 8th. Zacks Research raised shares of Super Hi International from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Super Hi International currently has an average rating of “Reduce”.

Super Hi International Stock Performance

The business has a fifty day moving average of $17.66 and a 200-day moving average of $18.83. The company has a market cap of $1.10 billion, a PE ratio of 42.26 and a beta of -0.62. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 0.47.

Super Hi International (NASDAQ:HDL) last issued its quarterly earnings data 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 the consensus estimate of $228.41 million. Super Hi International had a return on equity of 5.55% and a net margin of 2.52%. Equities research analysts anticipate 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 hedge funds and other institutional investors have recently made changes to their positions in HDL. Bank of America Corp DE bought a new stake in Super Hi International during the 4th quarter valued at approximately $52,000. Pinpoint Asset Management Singapore Pte. Ltd. bought a new position in shares of Super Hi International during the 2nd quarter worth $157,000. Finally, XY Capital Ltd purchased a new position in shares of Super Hi International in the 3rd quarter valued at $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.