Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 1-Year High – Here’s Why

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) hit a new 52-week high during trading on Friday . The company traded as high as $16.38 and last traded at $16.38, with a volume of 173 shares changing hands. The stock had previously closed at $15.72.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group cut shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. CLSA raised shares of Sun Hung Kai Properties to a “moderate buy” rating in a report on Tuesday, November 11th. Finally, Zacks Research raised shares of Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Sun Hung Kai Properties Trading Up 2.5%

The firm’s 50 day moving average is $13.48 and its two-hundred day moving average is $12.65. The company has a quick ratio of 11.96, a current ratio of 11.96 and a debt-to-equity ratio of 0.15.

About Sun Hung Kai Properties

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.