Super Hi International (NASDAQ:HDL) Shares Climb 5.7% - Still a Buy?

Key Points

• Super Hi International shares rose 5.7% to $10.30 in mid-day trading, while trading volume jumped 196% above the average session volume.
• Analyst sentiment remains cautious: Zacks upgraded the stock to “hold,” Weiss reaffirmed a “sell” rating, and the consensus rating is “Reduce.”
• The company missed quarterly expectations, reporting a loss of $0.03 per share versus an expected $0.03 profit and revenue of $218.83 million versus the $222.80 million estimate.

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) shot up 5.7% during mid-day trading on Friday. The stock traded as high as $10.30 and last traded at $10.30. 4,925 shares traded hands during trading, an increase of 196% from the average session volume of 1,666 shares. The stock had previously closed at $9.74.

Analyst Upgrades and Downgrades

HDL has been the topic of several research reports. Zacks Research raised Super Hi International from a "strong sell" rating to a "hold" rating in a report on Thursday, July 30th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Super Hi International in a research note on Monday, September 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Super Hi International Price Performance

The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.25 and a current ratio of 2.50. The stock has a market capitalization of $675.66 million, a price-to-earnings ratio of 38.48 and a beta of -0.06. The company has a 50-day moving average of $12.05 and a 200-day moving average of $12.94.

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

Institutional Trading of Super Hi International

A hedge fund recently raised its stake in Super Hi International stock. XY Capital Ltd increased its stake in shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Free Report) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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.

About Super Hi International

Super Hi International Holding Ltd. is a restaurant company focused on operating Haidilao hot pot restaurants outside mainland China. Its restaurants offer Sichuan-style hot pot and related dishes, allowing customers to cook a selection of meats, seafood, vegetables, noodles and other ingredients at their tables. The company also emphasizes hospitality, restaurant service and an interactive dining experience.

The company was separated from Haidilao International Holding Ltd. and listed on the Nasdaq under the symbol HDL in 2022.

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