Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 1-Year High – Here’s What Happened

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.0790 and last traded at $13.98, with a volume of 56412 shares changing hands. The stock had previously closed at $13.84.

Wall Street Analyst Weigh In

SUHJY has been the topic of several recent research reports. CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. UBS Group lowered shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Sun Hung Kai Properties has an average rating of “Hold”.

Sun Hung Kai Properties Price Performance

The company has a 50-day moving average price of $12.74 and a 200 day moving average price of $12.27.

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.