Sun Hung Kai and (OTCMKTS:SHGKY) Sees Large Volume Increase – Time to Buy?

Shares of Sun Hung Kai and Co. (OTCMKTS:SHGKYGet Free Report) saw unusually-high trading volume on Friday . Approximately 3,258 shares traded hands during mid-day trading, an increase of 47% from the previous session’s volume of 2,218 shares.The stock last traded at $2.48 and had previously closed at $2.44.

Sun Hung Kai and Stock Up 3.7%

The stock’s 50 day simple moving average is $2.11 and its two-hundred day simple moving average is $1.72.

Sun Hung Kai and Company Profile

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Sun Hung Kai & Co Limited, an investment holding company, provides financial services primarily in Hong Kong and the People's Republic of China. The company operates through Consumer Finance, Private Credit, Mortgage Loans, Investment Management, and Group Management and Support segments. It offers unsecured loan to individuals and businesses through branches and online platforms; and first mortgage and second mortgage loans to property owners, as well as customized financing solutions to property investors.

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