Zacks Research Downgrades Super Hi International (NASDAQ:HDL) to Strong Sell

Super Hi International (NASDAQ:HDL) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Super Hi International in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, Super Hi International presently has an average rating of “Sell”.

Super Hi International Stock Performance

Shares of HDL opened at $12.00 on Wednesday. Super Hi International has a 1 year low of $12.00 and a 1 year high of $21.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.28 and a current ratio of 2.54. The company’s fifty day moving average is $13.36 and its two-hundred day moving average is $15.16. The stock has a market capitalization of $780.43 million, a P/E ratio of 20.00 and a beta of -0.16.

Super Hi International (NASDAQ:HDL) last posted its quarterly earnings results on Friday, May 15th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.16). The firm had revenue of $225.93 million for the quarter, compared to analysts’ expectations of $215.58 million. Super Hi International had a return on equity of 7.38% and a net margin of 3.29%. On average, sell-side analysts predict that Super Hi International will post 0.66 earnings per share for the current year.

Hedge Funds Weigh In On Super Hi International

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new position in shares of Super Hi International during the 4th quarter worth $52,000. XY Capital Ltd purchased a new stake in Super Hi International in the 3rd quarter valued at about $186,000. Finally, Jane Street Group LLC grew its holdings in Super Hi International by 26.5% in the fourth quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock valued at $342,000 after purchasing an additional 4,457 shares during the period.

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.