Shares of Super Hi International Holding Ltd. (NASDAQ:HDL - Get Free Report) rose 8.4% during trading on Tuesday . The stock traded as high as $17.00 and last traded at $17.00. Approximately 3,607 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 32,036 shares. The stock had previously closed at $15.68.
The business has a 50-day moving average price of $15.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.11 and a current ratio of 2.33.
Institutional investors and hedge funds have recently modified their holdings of the business. Millennium Management LLC bought a new stake in Super Hi International during the 2nd quarter worth about $4,704,000. Hood River Capital Management LLC acquired a new stake in shares of Super Hi International in the second quarter valued at approximately $1,060,000. Finally, Ghisallo Capital Management LLC bought a new position in Super Hi International in the 2nd quarter worth approximately $689,000.
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.
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