Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY – Get Free Report)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $13.69, but opened at $14.42. Sun Hung Kai Properties shares last traded at $14.24, with a volume of 19,664 shares traded.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Sun Hung Kai Properties from a “hold” rating to a “strong sell” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold”.
Check Out Our Latest Stock Report on Sun Hung Kai Properties
Sun Hung Kai Properties Trading Up 1.0%
The company has a fifty day simple moving average of $14.29 and a two-hundred day simple moving average of $15.80.
About Sun Hung Kai Properties
Sun Hung Kai Properties Limited is a Hong Kong-based property development and investment company. Founded in 1963, the group develops and manages residential, office, retail and industrial properties, with activities spanning the full property cycle from land acquisition and planning to construction, sales, leasing and asset management.
The company owns and operates a broad portfolio of shopping centers, office buildings, hotels and other commercial properties. Its retail and mixed-use developments provide space for shops, dining, entertainment and services, while its residential business includes the development and sale of housing projects.
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