Super Hi International (NASDAQ:HDL) Shares Gap Down - Here's Why

Key Points

• Super Hi International shares fell 6.9%, opening at $11.02 versus a prior close of $11.90, amid trading below both its 50-day and 200-day moving averages.
• The company’s latest quarterly results missed expectations, reporting a loss of $0.03 per share versus the estimated $0.03 profit, while revenue of $218.83 million fell short of the $222.80 million consensus.
• Analyst sentiment remains cautious: one analyst rates the stock Hold and another Sell, resulting in a consensus “Reduce” rating; Zacks recently upgraded the shares from Strong Sell to Hold.

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) shares gapped down prior to trading on Monday. The stock had previously closed at $11.90, but opened at $11.02. Super Hi International shares last traded at $11.1690, with a volume of 6,068 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Super Hi International from a "strong sell" rating to a "hold" rating in a research 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce".

Super Hi International Stock Down 6.9%

The company has a market capitalization of $720.21 million, a PE ratio of 41.02 and a beta of -0.06. The stock's 50 day moving average is $12.53 and its 200 day moving average is $13.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.25 and a current ratio of 2.50.

Super Hi International (NASDAQ:HDL - Get Free Report) last posted its 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). The firm had revenue of $218.83 million during the quarter, compared to analysts' expectations of $222.80 million. Super Hi International had a return on equity of 2.61% and a net margin of 1.16%. On average, sell-side analysts anticipate 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

An institutional investor recently raised its position in Super Hi International stock. XY Capital Ltd grew its stake in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Free Report) by 11.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Super Hi International Company Profile

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.

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