Super Hi International (NASDAQ:HDL) Shares Gap Down - What's Next?

Key Points

• Super Hi International shares opened lower, falling from a prior close of $13.49 to $12.80 before recovering to about $13.31 in light trading.
• 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 quarterly results were mixed, with revenue of $225.93 million exceeding estimates but earnings per share of $0.10 falling short of the $0.26 consensus forecast.

Shares of Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $13.49, but opened at $12.80. Super Hi International shares last traded at $13.3130, with a volume of 111 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HDL shares. Zacks Research upgraded shares of 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 report on Wednesday, June 24th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce".

Super Hi International Stock Down 1.3%

The company has a quick ratio of 2.28, a current ratio of 2.54 and a debt-to-equity ratio of 0.45. The company has a 50-day simple moving average of $12.92 and a two-hundred day simple moving average of $14.53. The stock has a market cap of $865.87 million, a P/E ratio of 22.19 and a beta of -0.14.

Super Hi International (NASDAQ:HDL - Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported $0.10 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.16). Super Hi International had a net margin of 3.29% and a return on equity of 7.38%. The company had revenue of $225.93 million for the quarter, compared to analysts' expectations of $215.58 million. On average, equities analysts forecast that Super Hi International Holding Ltd. Unsponsored ADR will post 0.66 EPS for the current year.

Hedge Funds Weigh In On Super Hi International

A number of hedge funds have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in shares of Super Hi International during the fourth quarter worth about $52,000. XY Capital Ltd raised its position in Super Hi International by 15.9% during the 4th quarter. XY Capital Ltd now owns 11,955 shares of the company's stock valued at $192,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Jane Street Group LLC lifted its holdings in Super Hi International by 26.5% in the 4th quarter. Jane Street Group LLC now owns 21,302 shares of the company's stock worth $342,000 after buying an additional 4,457 shares during the period.

Super Hi International Company Profile

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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