Super Hi International (NASDAQ:HDL) Sees Large Volume Increase – Here’s What Happened

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) saw unusually-strong trading volume on Friday . Approximately 1,871 shares changed hands during trading, an increase of 52% from the previous session’s volume of 1,230 shares.The stock last traded at $17.0650 and had previously closed at $16.52.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HDL shares. Zacks Research upgraded shares of Super Hi International from a “strong sell” rating to a “hold” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Super Hi International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Super Hi International currently has a consensus rating of “Reduce”.

Super Hi International Price Performance

The stock has a fifty day moving average of $18.29 and a two-hundred day moving average of $19.61. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 18.91 and a beta of -0.58. The company has a quick ratio of 2.26, a current ratio of 2.53 and a debt-to-equity ratio of 0.46.

Super Hi International (NASDAQ:HDL) last issued its earnings results on Tuesday, August 26th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.20 by $0.10. Super Hi International had a net margin of 6.81% and a return on equity of 14.94%. The company had revenue of $198.95 million for the quarter. On average, equities research analysts anticipate that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Super Hi International stock. Bank of America Corp DE acquired a new stake in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,809 shares of the company’s stock, valued at 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.