Super Hi International (NASDAQ:HDL) Shares Gap Down After Earnings Miss

Super Hi International Holding Ltd. Unsponsored ADR (NASDAQ:HDL)’s stock price gapped down prior to trading on Wednesday following a weaker than expected earnings announcement. The stock had previously closed at $18.30, but opened at $17.42. Super Hi International shares last traded at $17.90, with a volume of 577 shares.

The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.10). Super Hi International had a net margin of 6.81% and a return on equity of 14.94%. The company had revenue of $214.05 million for the quarter, compared to analysts’ expectations of $228.41 million.

Wall Street Analysts Forecast Growth

HDL has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Super Hi International in a research note on Wednesday, October 8th. Zacks Research raised shares of Super Hi International from a “strong sell” rating to a “hold” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Institutional Investors Weigh In On Super Hi International

Several hedge funds have recently bought and sold shares of HDL. XY Capital Ltd bought a new position in shares of Super Hi International in the 3rd quarter worth $186,000. Pinpoint Asset Management Singapore Pte. Ltd. purchased a new position in Super Hi International in the second quarter worth $157,000. Finally, Bank of America Corp DE bought a new position in Super Hi International in the fourth quarter valued at $52,000.

Super Hi International Trading Down 2.7%

The stock has a 50 day moving average of $17.87 and a 200 day moving average of $19.23. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 2.26. The firm has a market cap of $1.16 billion, a P/E ratio of 19.78 and a beta of -0.58.

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.