Super Hi International (NASDAQ:HDL) Stock Falls 9.7% - Here's What Happened

Key Points

• Super Hi International shares fell 9.7% to about $10.75 in thin trading, with volume down 69% from its average.
• Analyst sentiment remains cautious: Zacks upgraded the stock to “hold,” while Weiss reaffirmed a “sell” rating; MarketBeat reports an overall “Reduce” consensus.
• The company’s latest quarterly results missed expectations, posting a loss of $0.03 per share versus an expected profit of $0.03 and revenue of $218.83 million versus estimates of $222.80 million.

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) were down 9.7% during mid-day trading on Tuesday. The company traded as low as $11.00 and last traded at $10.7510. 507 shares changed hands during trading, a decline of 69% from the average daily volume of 1,645 shares. The stock had previously closed at $11.90.

Wall Street Analyst Weigh In

Several brokerages have commented on HDL. 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 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, the stock presently has an average rating of "Reduce".

Super Hi International Price Performance

The company has a 50-day moving average of $12.49 and a 200 day moving average of $13.17. 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 $715.66 million, a PE ratio of 40.76 and a beta of -0.06.

Super Hi International (NASDAQ:HDL - Get Free Report) last announced its quarterly earnings data on Thursday, August 27th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates 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. Sell-side analysts predict that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 EPS for the current year.

Institutional Investors Weigh In On Super Hi International

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

About Super Hi International

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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