Sinotruk (Hong Kong) (OTCMKTS:SHKLY) Stock Price Up 81.9% – Should You Buy?

Shares of Sinotruk (Hong Kong) Limited (OTCMKTS:SHKLY) rose 81.9% during mid-day trading on Wednesday . The company traded as high as $269.00 and last traded at $269.00. Approximately 11 shares traded hands during trading, a decline of 99% from the average daily volume of 740 shares. The stock had previously closed at $147.85.

Sinotruk (Hong Kong) Stock Up 81.9%

The stock has a 50 day moving average of $144.26 and a two-hundred day moving average of $142.68.

About Sinotruk (Hong Kong)

Sinotruk (Hong Kong) Limited is the Hong Kong–listed arm of China National Heavy Duty Truck Group, one of the largest heavy?duty truck manufacturers in China. The company’s core business encompasses the design, development, manufacture and sale of heavy?duty trucks, specialty vehicles and related powertrain components. Its principal product lines operate under the HOWO brand, covering a wide range of tractor units, dump trucks, concrete mixers and special?use vehicles tailored to construction, mining, logistics and municipal services.

Established as part of the national Sinotruk organization, the group traces its engineering roots to 1956, when it delivered China’s first domestically produced heavy truck.