Hysan Development Company Limited (OTCMKTS:HYSNY – Get Free Report) crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $4.14 and traded as high as $4.3924. Hysan Development shares last traded at $3.91, with a volume of 5,851 shares changing hands.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group downgraded 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 stock presently has a consensus rating of “Sell”.
Read Our Latest Report on HYSNY
Hysan Development Price Performance
The stock’s 50 day moving average price is $4.14 and its two-hundred day moving average price is $4.36.
About Hysan Development
Hysan Development Company Limited is a Hong Kong-based property investment, development and management company. The company focuses primarily on commercial and residential real estate, with activities spanning the ownership, development, leasing and management of properties.
Hysan’s portfolio is concentrated in Causeway Bay, one of Hong Kong’s major business, retail and leisure districts. Its properties include office buildings, shopping centers, retail premises and residential developments, serving corporate tenants, retailers, residents and visitors.
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