Sun Hung Kai Properties (OTCMKTS:SUHJY) Shares Gap Up – Still a Buy?

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $12.78, but opened at $13.55. Sun Hung Kai Properties shares last traded at $13.37, with a volume of 9,058 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SUHJY. UBS Group lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Zacks Research cut Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Sun Hung Kai Properties Stock Performance

The firm has a 50 day moving average price of $12.23 and a 200 day moving average price of $11.58.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company also provides property management services; construction-related services, including landscaping, electrical and mechanical installation, production and installation of wooden doors, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder’s comprehensive, fire, employees’ compensation, travel, personal accident, motor vehicles, contractors’ all risks, third party liability, and property all risks.