Haidilao International (OTCMKTS:HDALF) Stock Falls 3.2% – Here’s Why

Haidilao International Holding Ltd. (OTCMKTS:HDALF – Get Free Report)’s share price fell 3.2% during trading on Monday. The company traded as low as $1.21 and last traded at $1.21. Approximately 2,500 shares changed hands during trading, a decline of 91% from the average daily volume of 27,775 shares. The stock had previously closed at $1.25.

Haidilao International Price Performance

The business has a 50 day simple moving average of $1.45 and a 200-day simple moving average of $1.67.

About Haidilao International

(Get Free Report)

Haidilao International Holding Ltd. is a Chinese restaurant company best known for operating Haidilao, a hotpot dining brand. Its restaurants offer customizable hotpot meals in which customers cook a selection of meats, seafood, vegetables, noodles and other ingredients in simmering broths at the table. The company also provides sauces, beverages, desserts and prepared dishes, with menus and offerings adapted to local markets.

Haidilao was founded in 1994 in Jianyang, Sichuan Province, China.

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