Super Hi International (NASDAQ:HDL) Stock Price Down 9.7% – Here’s Why

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) shares dropped 9.7% during mid-day trading on Tuesday. The stock traded as low as $11.00 and last traded at $10.7510. 507 shares were traded during trading, a decline of 69% from the average daily volume of 1,645 shares. The stock had previously closed at $11.90.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Super Hi International in a research report on Monday, September 21st. Zacks Research upgraded Super Hi International from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Reduce”.

Super Hi International Stock Down 2.0%

The company has a quick ratio of 2.25, a current ratio of 2.50 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $12.39 and a two-hundred day simple moving average of $13.11. The stock has a market capitalization of $700.70 million, a P/E ratio of 40.74 and a beta of -0.06.

Super Hi International (NASDAQ:HDL) last announced its quarterly earnings results on Thursday, August 27th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). Super Hi International had a net margin of 1.16% and a return on equity of 2.61%. The firm had revenue of $218.83 million for the quarter, compared to the consensus estimate of $222.80 million. Equities research analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Super Hi International stock. XY Capital Ltd raised its holdings in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) by 11.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,303 shares of the company’s stock after acquiring 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 SEC filing.

About Super Hi International

Super Hi International Holding Ltd. is a restaurant company that operates Haidilao hot pot restaurants outside mainland China. The company provides full-service dining centered on Sichuan-style hot pot, in which customers cook a selection of meats, seafood, vegetables, noodles and other ingredients in flavored broths at the table.

Haidilao restaurants are known for customizable dining, a broad menu of fresh ingredients and service-oriented features such as soup-base options, table-side assistance and entertainment during the dining experience.