Super Hi International (NASDAQ:HDL) Shares Gap Down – Here’s Why

Super Hi International Holding Ltd. (NASDAQ:HDL) shares gapped down prior to trading on Tuesday . The stock had previously closed at $22.07, but opened at $20.88. Super Hi International shares last traded at $19.70, with a volume of 13,861 shares.

Super Hi International Trading Down 10.2 %

The company has a fifty day moving average price of $24.35 and a two-hundred day moving average price of $22.06. The company has a current ratio of 2.44, a quick ratio of 2.19 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.29 billion and a price-to-earnings ratio of 65.00.

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

Institutional Trading of Super Hi International

Several hedge funds have recently modified their holdings of HDL. Bank of America Corp DE acquired a new position in Super Hi International during the 4th quarter worth approximately $52,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Super Hi International during the fourth quarter worth $278,000. Finally, Jane Street Group LLC acquired a new position in shares of Super Hi International during the fourth quarter worth $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.