Zacks Research cut shares of Sun Hung Kai Properties (OTCMKTS:SUHJY – Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.
Sun Hung Kai Properties Stock Up 0.8%
Sun Hung Kai Properties stock traded up $0.14 during midday trading on Monday, hitting $17.78. 97,749 shares of the company’s stock were exchanged, compared to its average volume of 75,027. Sun Hung Kai Properties has a 12 month low of $8.77 and a 12 month high of $18.67. The firm has a 50-day moving average of $17.26 and a two-hundred day moving average of $14.47.
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.
Further Reading
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