Super Hi International (NASDAQ:HDL) Shares Gap Up - Here's What Happened

Key Points

• Super Hi International shares gapped higher, opening at $10.49 versus a previous close of $9.74, before trading at $10.26 on very light volume.
• Analyst sentiment remains cautious: ratings include one Hold and one Sell, producing a consensus rating of “Reduce.”
• The company missed quarterly expectations, reporting a $0.03 loss per share versus an expected $0.03 profit and revenue of $218.83 million versus estimates of $222.80 million.

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) gapped up prior to trading on Monday. The stock had previously closed at $9.74, but opened at $10.49. Super Hi International shares last traded at $10.26, with a volume of 205 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HDL shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Super Hi International in a research note on Monday, September 21st. Zacks Research upgraded shares of Super Hi International from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Super Hi International has a consensus rating of "Reduce".

Super Hi International Stock 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 firm has a 50-day simple moving average of $11.98 and a 200 day simple moving average of $12.90. The company has a market cap of $667.21 million, a price-to-earnings ratio of 38.00 and a beta of -0.06.

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 business had revenue of $218.83 million during 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%. On average, sell-side analysts predict that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Super Hi International

A hedge fund recently raised its stake in Super Hi International stock. XY Capital Ltd raised 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 filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

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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