Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF – Get Free Report)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $16.7150, but opened at $16.04. Hon Hai Precision Industry Co., Ltd. Sponsored GDR shares last traded at $16.25, with a volume of 4,152 shares changing 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 research note on Tuesday, June 2nd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $22.00.
Read Our Latest Report on Hon Hai Precision Industry Co., Ltd. Sponsored GDR
Hon Hai Precision Industry Co., Ltd. Sponsored GDR Trading Down 4.3%
Hedge Funds Weigh In On Hon Hai Precision Industry Co., Ltd. Sponsored GDR
A hedge fund recently bought a new position in Hon Hai Precision Industry Co., Ltd. Sponsored GDR stock. S&CO Inc. bought a new stake in shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 230,310 shares of the company’s stock, valued at approximately $11,877,000.
About Hon Hai Precision Industry Co., Ltd. Sponsored GDR
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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