Shares of Haidilao International Holding Ltd. (OTCMKTS:HDALF – Get Rating) traded down 3.7% on Monday . The stock traded as low as $2.06 and last traded at $2.06. 100 shares traded hands during trading, a decline of 90% from the average session volume of 981 shares. The stock had previously closed at $2.14.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on the company. HSBC upgraded Haidilao International from a “reduce” rating to a “hold” rating in a research report on Friday, March 25th. Citigroup upgraded Haidilao International from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 29th. Finally, The Goldman Sachs Group cut Haidilao International from a “neutral” rating to a “sell” rating in a research report on Wednesday, April 27th.
Haidilao International Price Performance
The stock has a 50-day moving average price of $2.02 and a 200 day moving average price of $2.02.
Haidilao International Company Profile
Haidilao International Holding Ltd., an investment holding company, engages in the restaurant chain operation and delivery businesses. It operates a Haidilao branded Chinese cuisine restaurant that focuses on hot pot cuisine. The company is also involved in the sale of condiment products and food ingredients; logistics and wholesale trade activities; management consultation; financial management; provision of food research, development, and technology services; and trading businesses.
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