Happy City (NASDAQ:HCHL) Shares Up 4.6% – Here’s Why

Happy City Holdings Limited (NASDAQ:HCHL) shares shot up 4.6% on Monday . The company traded as high as $1.48 and last traded at $1.37. 5,341 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 38,452 shares. The stock had previously closed at $1.31.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e)” rating on shares of Happy City in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Happy City Price Performance

The stock has a 50 day moving average of $1.27 and a two-hundred day moving average of $2.65.

Hedge Funds Weigh In On Happy City

A hedge fund recently bought a new stake in Happy City stock. Quadrature Capital Ltd bought a new stake in shares of Happy City Holdings Limited (NASDAQ:HCHL) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 106,115 shares of the company’s stock, valued at approximately $415,000. Quadrature Capital Ltd owned approximately 0.55% of Happy City at the end of the most recent reporting period.

About Happy City

Headquartered in Hong Kong, we are a restaurant operator that operates three all-you-can-eat hotpot restaurant through our wholly-owned Operating Subsidiaries in Hong Kong. We have been in the restaurant services industry serving the Hong Kong market for over 5 years, which is a relatively short operating history compared to some of our established competitors. Our restaurants serves all-you-can-eat Thai and Japanese hotpot to our customers under the brand names “Thai Pot” and “Gyu! Gyu! Shabu Shabu”.