Sun Hung Kai Properties (OTCMKTS:SUHJY) Sets New 1-Year High – Here’s What Happened

Shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) hit a new 52-week high during trading on Thursday . The company traded as high as $14.79 and last traded at $14.78, with a volume of 8387 shares traded. The stock had previously closed at $14.19.

Wall Street Analyst Weigh In

SUHJY has been the subject of several analyst reports. Zacks Research raised shares of Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. UBS Group lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Sun Hung Kai Properties Trading Up 4.2%

The business’s 50 day moving average price is $12.89 and its 200-day moving average price is $12.36. The company has a quick ratio of 11.96, a current ratio of 11.96 and a debt-to-equity ratio of 0.15.

Sun Hung Kai Properties Company Profile

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.