Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $15.14 and traded as low as $14.49. Hon Hai Precision Industry Co., Ltd. Sponsored GDR shares last traded at $14.57, with a volume of 60,454 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Barclays reiterated an “overweight” rating on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a report on Monday, August 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Trading Down 1.1%

The stock has a fifty day moving average of $15.14 and a 200-day moving average of $12.77.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile

Hon Hai Precision Industry Co, Ltd. provides electronic OEM services. The company offers consumer electronics comprising of television sets, game consoles, set-top boxes, and speakers. It also provides cloud networking products consisting of routers, servers, edge computing, data centers, and satellite communications and other related equipment.