Sun Hung Kai Properties (OTCMKTS:SUHJY) Shares Cross Above 50-Day Moving Average – Here’s Why

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.60 and traded as high as $12.6740. Sun Hung Kai Properties shares last traded at $12.43, with a volume of 50,178 shares traded.

Analyst Ratings Changes

A number of analysts recently commented on the stock. CLSA upgraded shares of Sun Hung Kai Properties to a “moderate buy” rating in a research report on Tuesday, November 11th. Zacks Research downgraded Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a report on Friday, September 12th. Finally, UBS Group lowered Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Sun Hung Kai Properties Stock Performance

The stock has a fifty day simple moving average of $12.60 and a 200-day simple moving average of $12.18.

About Sun Hung Kai Properties

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.