Super Hi International (NASDAQ:HDL) Shares Gap Up – Here’s Why

Shares of Super Hi International Holding Ltd. (NASDAQ:HDL) gapped up before the market opened on Wednesday . The stock had previously closed at $22.11, but opened at $23.87. Super Hi International shares last traded at $23.23, with a volume of 3,836 shares traded.

Super Hi International Stock Performance

The business has a 50-day moving average price of $24.53 and a 200-day moving average price of $21.57. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.19 and a current ratio of 2.44.

Super Hi International (NASDAQ:HDL) last announced its quarterly earnings results on Tuesday, March 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.37). The firm had revenue of $208.76 million for the quarter, compared to analysts’ expectations of $212.06 million. Sell-side analysts expect that Super Hi International Holding Ltd. will post 0.67 EPS for the current fiscal year.

Institutional Trading of Super Hi International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HDL. Bank of America Corp DE acquired a new position in shares of Super Hi International during the fourth quarter worth about $52,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Super Hi International during the fourth quarter worth $278,000. Finally, Jane Street Group LLC purchased a new stake in Super Hi International in the 4th quarter valued at approximately $295,000.

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.