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Super Hi International (NASDAQ:HDL) Sees Large Volume Increase - Time to Buy?

Super Hi International logo with Retail/Wholesale background

Key Points

  • Super Hi International (NASDAQ:HDL) experienced a significant increase in trading volume, with 9,516 shares traded, marking a 61% rise from the previous session.
  • The stock is currently trading at $20.60, above its 50-day moving average of $19.66, but below its 200-day moving average of $21.45.
  • Several institutional investors, including Jane Street Group LLC and Bank of America, have recently purchased new stakes in the company, indicating growing interest in its performance.
  • Want stock alerts on Super Hi International? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) saw an uptick in trading volume on Monday . 9,516 shares were traded during mid-day trading, an increase of 61% from the previous session's volume of 5,899 shares.The stock last traded at $20.60 and had previously closed at $20.40.

Super Hi International Stock Performance

The stock's 50-day moving average price is $19.66 and its 200-day moving average price is $21.45. The company has a market cap of $1.34 billion, a P/E ratio of 34.33 and a beta of -0.51. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.60 and a quick ratio of 2.32.

Institutional Investors Weigh In On Super Hi International

A number of institutional investors have recently modified their holdings of HDL. Jane Street Group LLC bought a new stake in shares of Super Hi International in the fourth quarter valued at about $295,000. Bank of America Corp DE bought a new stake in Super Hi International during the fourth quarter worth about $52,000. Finally, Pinpoint Asset Management Singapore Pte. Ltd. bought a new stake in Super Hi International during the second quarter worth about $157,000.

Super Hi International Company Profile

(Get Free Report)

Super Hi International Holding Ltd., an investment holding company, operates Haidilao branded Chinese cuisine restaurants in Asia, North America, and internationally. The company is involved in the food delivery business. It also engages in sale of hot pot condiment products and food ingredients. The company was incorporated in 2022 and is based in Singapore.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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