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

Super Hi International Holding Ltd. (NASDAQ:HDL) gapped up before the market opened on Wednesday . The stock had previously closed at $22.11, but opened at $23.87. Super Hi International shares last traded at $23.23, with a volume of 3,836 shares trading hands.

Super Hi International Stock Up 5.0 %

The stock’s 50 day moving average is $24.53 and its 200-day moving average is $21.54. The company has a quick ratio of 2.19, a current ratio of 2.44 and a debt-to-equity ratio of 0.43.

Super Hi International (NASDAQ:HDL) last announced its earnings results on Tuesday, March 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.37). The firm had revenue of $208.76 million during the quarter, compared to analysts’ expectations of $212.06 million. On average, equities analysts anticipate that Super Hi International Holding Ltd. will post 0.67 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Super Hi International

Several institutional investors and hedge funds have recently added to or reduced their stakes in HDL. Bank of America Corp DE bought a new position in shares of Super Hi International in the 4th quarter worth about $52,000. Arrowstreet Capital Limited Partnership bought a new stake in Super Hi International during the fourth quarter worth about $278,000. Finally, Jane Street Group LLC purchased a new stake in Super Hi International in the fourth quarter worth about $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.