Speculative Surge: HDL Gains Amid Institutional Buy Ratings

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Nov 07, 2024

Shares of HDL International (HDL, Financial) experienced significant volatility with a rapid increase of 5.09%. The stock is trading at $17.54 per share with a trading volume of 16,567 shares. The turnover rate stands at 0.03%, and the amplitude reached 2.46%.

The recent earnings report highlighted a revenue of $183 million and a net loss of $125,678.88. The company reported a gross profit of $40.21 million with an earnings per share (EPS) of $0.00, and a substantial price-to-earnings (P/E) ratio of 57.43.

Institutional ratings show strong confidence, as all eight rating agencies recommend buying HDL stock, with no hold or sell recommendations.

Within the broader restaurant industry, which saw a modest increase of 0.57%, HDL's performance was notable. Other active stocks include Dutch Bros Inc., First Watch Restaurant Group, Inc., and Wingstop Inc. with significant gains. Reborn Coffee, Inc., Dutch Bros Inc., and Red Robin exhibited high activity with turnover rates of 27.77%, 13.97%, and 5.95% respectively. Noteworthy volatility is seen in Dutch Bros Inc. (19.29%), First Watch Restaurant Group, Inc. (19.23%), and ChaSong International (19.20%).

HDL International is an investment holding company primarily involved in restaurant operations and the sale of hot pot seasonings and food ingredients outside mainland China, Hong Kong, Macau, and Taiwan.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.