Hysan Development Company Limited (OTCMKTS:HYSNY – Get Free Report) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $4.28 and traded as low as $4.0450. Hysan Development shares last traded at $4.0450, with a volume of 174 shares trading hands.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group downgraded shares of Hysan Development from a “buy” rating to a “sell” rating in a research note on Thursday, August 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Analysis on Hysan Development
Hysan Development Price Performance
Hysan Development Company Profile
Hysan Development Company Limited is a Hong Kong-based property investment, development and management company. Its portfolio is concentrated primarily in Causeway Bay, one of Hong Kong’s major commercial and retail districts, and includes office buildings, shopping centers, retail properties, hotels and residential developments.
The company’s properties include the Lee Garden portfolio, Hysan Place and Lee Theatre Plaza. Through these developments, Hysan provides workspace, retail and dining environments, residential accommodation and related property management services.
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