Haidilao International (OTCMKTS:HDALF) Trading Up 11.3% – Here’s Why

Haidilao International Holding Ltd. (OTCMKTS:HDALFGet Free Report)’s stock price was up 11.3% on Monday . The company traded as high as $2.16 and last traded at $2.16. Approximately 1,100 shares were traded during trading, an increase of 69% from the average daily volume of 650 shares. The stock had previously closed at $1.94.

Haidilao International Price Performance

The company’s 50-day moving average price is $1.81 and its 200-day moving average price is $1.70.

About Haidilao International

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Haidilao International Holding Ltd., an investment holding company, engages in the restaurant operation and delivery businesses. The company through operates through Restaurant Operation, Delivery Business, and Sales of Condiment Products and Food Ingredients segments. It also operates a Haidilao branded Chinese cuisine restaurant that offers hot pot cuisine. In addition, the company is involved in the technology; hotel operation; property investment management and consulting; and trading businesses.

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