Sun Hung Kai and (OTCMKTS:SHGKY) Shares Gap Up – Here’s What Happened

Shares of Sun Hung Kai and Co. (OTCMKTS:SHGKYGet Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $2.51, but opened at $2.80. Sun Hung Kai and shares last traded at $2.85, with a volume of 1,516 shares trading hands.

Sun Hung Kai and Trading Up 102.1%

The business has a fifty day moving average price of $1.99 and a two-hundred day moving average price of $2.16. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.09.

Sun Hung Kai and Company Profile

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Sun Hung Kai & Co Limited is a Hong Kong–based non-bank financial institution offering a diversified suite of services across securities brokerage, asset management, corporate finance and wealth management. Originally founded in 1969 as a securities brokerage firm, the company has since broadened its scope to include individually tailored investment solutions, structured products and advisory services for both institutional and private clients.

The asset management division of Sun Hung Kai oversees portfolios spanning public equities, fixed income and alternative investments, including private equity and real estate.

Further Reading

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