Super Hi International (NASDAQ:HDL) Shares Gap Down - What's Next?

Key Points

• Super Hi International shares fell sharply at the open, dropping from a prior close of $11.69 to $10.68 before recovering to about $11.43.
• Analyst sentiment remains cautious: one analyst rates the stock “Hold” and another “Sell,” resulting in a consensus rating of “Reduce.”
• The company’s latest quarterly results missed expectations, reporting a $0.03 per-share loss versus an estimated $0.03 profit and revenue of $218.83 million compared with forecasts of $222.80 million.

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) shares gapped down before the market opened 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.

Wall Street Analyst Weigh In

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

Super Hi International Price Performance

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 stock has a market capitalization of $742.97 million, a P/E ratio of 42.31 and a beta of -0.14. The business's 50 day simple moving average is $12.83 and its two-hundred day simple moving average is $13.41.

Super Hi International (NASDAQ:HDL - Get Free Report) last released its quarterly earnings results on Thursday, August 27th. The company reported ($0.03) earnings per share (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, sell-side analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 earnings per share 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 increased its holdings in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,303 shares of the company's stock after acquiring an additional 1,348 shares during the period. XY Capital Ltd's holdings in Super Hi International were worth $194,000 at the end of the most recent quarter.

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.

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