Super Hi International (NASDAQ:HDL) Shares Gap Down – Here’s Why

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL)’s stock price gapped down prior to trading on Thursday. The stock had previously closed at $11.69, but opened at $10.68. Super Hi International shares last traded at $11.4250, with a volume of 147 shares trading hands.

Wall Street Analyst Weigh In

A number of equities 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 Thursday, July 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Super Hi International in a research report on Monday, September 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Super Hi International Stock Performance

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 firm has a market capitalization of $742.97 million, a PE ratio of 42.31 and a beta of -0.14. The company’s fifty day simple moving average is $12.83 and its 200 day simple moving average is $13.41.

Super Hi International (NASDAQ:HDL) last released its quarterly earnings data on Thursday, August 27th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 business had revenue of $218.83 million during the quarter, compared to the consensus estimate of $222.80 million. As a group, equities research analysts expect that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Hi International

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

About Super Hi International

Super Hi International Holding Ltd. (NASDAQ: HDL) operates Haidilao hot pot restaurants outside mainland China. The company provides dine-in Chinese hot pot services, allowing customers to select ingredients such as meats, seafood, vegetables, noodles and other items to cook in a shared broth at the table. Its restaurants also offer a range of beverages, desserts and other complementary menu items.

The company’s international business developed from Haidilao’s overseas expansion, which began with a restaurant in Singapore in 2012.