Super Hi International (NASDAQ:HDL) Stock Price Down 8.6% – Here’s What Happened

Shares of Super Hi International Holding Ltd. (NASDAQ:HDL) were down 8.6% during mid-day trading on Tuesday . The company traded as low as $23.38 and last traded at $23.25. 6,777 shares were traded during mid-day trading, a decline of 76% from the average session volume of 28,577 shares. The stock had previously closed at $25.45.

Super Hi International Price Performance

The firm has a 50-day moving average of $24.89 and a 200-day moving average of $20.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.19 and a current ratio of 2.44.

Institutional Investors Weigh In On Super Hi International

Several institutional investors have recently modified their holdings of HDL. Bank of America Corp DE purchased a new stake in Super Hi International in the 4th quarter worth about $52,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Super Hi International during the 4th quarter worth $278,000. Finally, Jane Street Group LLC purchased a new position in Super Hi International during the 4th quarter valued at about $295,000.

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.