Super Hi International (NASDAQ:HDL) Shares Gap Up - Still a Buy?

Key Points

• Super Hi International shares jumped from a $10.68 close to an $11.43 open, later trading near $11.41, although volume was light at 1,199 shares.
• Analyst sentiment remains cautious: Zacks Research upgraded the stock to “hold,” while Weiss Ratings maintained a “sell” rating; the overall consensus is “Reduce.”
• The company’s latest quarter fell short of expectations, reporting a $0.03 loss per share versus forecast earnings of $0.03 and revenue of $218.83 million versus the $222.80 million consensus.

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $10.68, but opened at $11.43. Super Hi International shares last traded at $11.41, with a volume of 1,199 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Zacks Research upgraded shares of Super Hi International from a "strong sell" rating to a "hold" rating in a research report on Thursday, July 30th. Weiss Ratings restated a "sell (d)" rating on shares of Super Hi International in a research note 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's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce".

Super Hi International Price Performance

The stock has a market capitalization of $741.99 million, a PE ratio of 42.26 and a beta of -0.06. The stock's 50 day moving average is $12.77 and its two-hundred day moving average is $13.37. 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 released its earnings results on Thursday, August 27th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). Super Hi International had a net margin of 1.16% and a return on equity of 2.61%. The firm had revenue of $218.83 million during the quarter, compared to analysts' expectations of $222.80 million. On average, equities analysts anticipate that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 EPS for the current fiscal year.

Institutional Trading of Super Hi International

An institutional investor recently raised its stake in Super Hi International stock. XY Capital Ltd grew its holdings in Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Free Report) by 15.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,955 shares of the company's stock after purchasing an additional 1,640 shares during the quarter. XY Capital Ltd's holdings in Super Hi International were worth $192,000 as of its most recent SEC filing.

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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