Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF – Get Free Report)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $17.1484, but opened at $16.00. Hon Hai Precision Industry Co., Ltd. Sponsored GDR shares last traded at $16.31, with a volume of 5,641 shares trading hands.
Analysts Set New Price Targets
Separately, Barclays reissued an “overweight” rating and set a $22.00 price target on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a report on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $22.00.
Get Our Latest Analysis on HNHPF
Hon Hai Precision Industry Co., Ltd. Sponsored GDR Stock Performance
Hedge Funds Weigh In On Hon Hai Precision Industry Co., Ltd. Sponsored GDR
An institutional investor recently bought a new stake in Hon Hai Precision Industry Co., Ltd. Sponsored GDR stock. S&CO Inc. acquired a new stake in shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 230,310 shares of the company’s stock, valued at approximately $11,877,000.
Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile
Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.
Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.
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