Sun Hung Kai Properties (OTCMKTS:SUHJY) Stock Passes Below 200-Day Moving Average of $11.69

Sun Hung Kai Properties Limited (OTCMKTS:SUHJY)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.69 and traded as low as $10.26. Sun Hung Kai Properties shares last traded at $10.31, with a volume of 215,515 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group cut shares of Sun Hung Kai Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 8th.

Sun Hung Kai Properties Trading Up 2.8 %

The firm’s fifty day moving average price is $10.34 and its 200-day moving average price is $11.69.

Sun Hung Kai Properties Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 24th. Shareholders of record on Tuesday, November 7th will be issued a dividend of $0.452 per share. The ex-dividend date is Monday, November 6th. This is an increase from Sun Hung Kai Properties’s previous dividend of $0.14.

About Sun Hung Kai Properties

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops and sells properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company's land bank comprises 67.5 million square feet of gross floor area in Hong Kong.