CK Hutchison (OTCMKTS:CKHUY) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of CK Hutchison Holdings Limited (OTCMKTS:CKHUY) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $5.45 and traded as low as $5.31. CK Hutchison shares last traded at $5.35, with a volume of 317,114 shares.

Analyst Ratings Changes

Separately, UBS Group raised shares of CK Hutchison from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 13th.

CK Hutchison Stock Performance

The business’s fifty day simple moving average is $5.45 and its 200-day simple moving average is $5.32. The company has a quick ratio of 1.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.32.

About CK Hutchison

CK Hutchison Holdings Limited, an investment holding company, primarily operates in ports and related services, retail, infrastructure, and telecommunications businesses in Hong Kong and internationally. The company operates through four segments: Ports and Related Services, Retail, Infrastructure, and Telecommunications.