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

Zacks Research downgraded shares of Super Hi International (NASDAQ:HDL) from a hold rating to a strong sell rating in a research note published on Wednesday morning,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 equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Super Hi International Stock Down 3.2%

NASDAQ HDL opened at $12.00 on Wednesday. The stock has a 50 day moving average price of $13.36 and a 200-day moving average price of $15.16. Super Hi International has a one year low of $12.00 and a one 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 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 announced its quarterly earnings results on Friday, May 15th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.16). Super Hi International had a return on equity of 7.38% and a net margin of 3.29%.The business had revenue of $225.93 million during the quarter, compared to the consensus estimate of $215.58 million. As a group, equities analysts predict that Super Hi International will post 0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Super Hi International

Hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE bought a new stake in Super Hi International in the fourth quarter worth about $52,000. XY Capital Ltd bought a new position in shares of Super Hi International during the third quarter valued at approximately $186,000. Finally, Jane Street Group LLC grew its stake in shares of Super Hi International by 26.5% during the fourth quarter. Jane Street Group LLC now owns 21,302 shares of the company’s stock valued at $342,000 after buying an additional 4,457 shares during the last quarter.

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.