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

Super Hi International Holding Ltd. (NASDAQ:HDL)’s share price gapped up prior to trading 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 Up 5.0 %

The firm’s 50-day simple moving average is $24.53 and its 200-day simple moving average is $21.54. 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 issued its 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 company had revenue of $208.76 million during the quarter, compared to the consensus estimate of $212.06 million. Sell-side analysts predict that Super Hi International Holding Ltd. will post 0.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership bought a new stake in Super Hi International in the 4th quarter worth $278,000. Jane Street Group LLC bought a new stake in shares of Super Hi International in the fourth quarter worth about $295,000. Finally, Bank of America Corp DE bought a new stake in shares of Super Hi International in the fourth quarter worth about $52,000.

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.