Super Hi International (NASDAQ:HDL) Shares Gap Down - Here's Why

Key Points

• Super Hi International Holding Ltd. (NASDAQ: HDL) experienced a gap down, opening at $18.55 after closing at $19.16, and last traded at $18.26 with a trading volume of 30,542 shares.
• The company reported $0.30 earnings per share (EPS) for the previous quarter, exceeding estimates of $0.20, while total revenue for the quarter was $198.95 million.
• Recent investment activity includes new stakes acquired by firms such as Pinpoint Asset Management and Bank of America, indicating growing interest in the company.

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $19.16, but opened at $18.55. Super Hi International shares last traded at $18.26, with a volume of 30,542 shares.

Super Hi International Trading Down 0.3%

The company has a 50-day moving average price of $19.62 and a 200-day moving average price of $20.70. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.12 and a beta of -0.52. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.26 and a current ratio of 2.53.

Super Hi International (NASDAQ:HDL - Get Free Report) last released its quarterly earnings data on Tuesday, August 26th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.10. The business had revenue of $198.95 million during the quarter. Super Hi International had a return on equity of 14.94% and a net margin of 6.81%. As a group, research analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.67 EPS for the current fiscal year.

Institutional Trading of Super Hi International

A number of large investors have recently made changes to their positions in HDL. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in Super Hi International during the 2nd quarter worth approximately $157,000. Bank of America Corp DE acquired a new stake in shares of Super Hi International during the fourth quarter worth $52,000. Finally, Jane Street Group LLC acquired a new position in Super Hi International in the fourth quarter valued at $295,000.

About Super Hi International

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.

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