Sun Hung Kai Properties (OTCMKTS:SUHJY) Shares Gap Up – Time to Buy?
by Sarita Garza · The Markets DailyShares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $17.26, but opened at $17.93. Sun Hung Kai Properties shares last traded at $17.9650, with a volume of 1,195 shares changing hands.
Analyst Upgrades and Downgrades
Several research firms have weighed in on SUHJY. CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a research report on Tuesday, November 11th. Zacks Research upgraded Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.
Get Our Latest Stock Analysis on SUHJY
Sun Hung Kai Properties Price Performance
The company has a debt-to-equity ratio of 0.15, a quick ratio of 11.96 and a current ratio of 11.96. The firm’s 50-day moving average is $14.45 and its two-hundred day moving average is $13.07.
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.