Super Hi International (NASDAQ:HDL) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of Super Hi International (NASDAQ:HDL) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Super Hi International in a research note on Tuesday, December 23rd. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Super Hi International Price Performance

HDL opened at $16.46 on Tuesday. Super Hi International has a 12-month low of $15.83 and a 12-month high of $28.88. The company has a current ratio of 2.53, a quick ratio of 2.27 and a debt-to-equity ratio of 0.47. The business’s fifty day simple moving average is $16.66 and its 200-day simple moving average is $17.52. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 41.15 and a beta of -0.59.

Hedge Funds Weigh In On Super Hi International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new stake in Super Hi International in the 4th quarter worth approximately $52,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new position in Super Hi International during the 2nd quarter valued at approximately $157,000. XY Capital Ltd purchased a new position in shares of Super Hi International in the third quarter worth $186,000. Finally, Jane Street Group LLC raised its holdings in shares of Super Hi International by 26.5% in the fourth 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 last quarter.

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.