Wharf Real Estate Investment (OTCMKTS:WRFRF) Shares Down 5.2% – Here’s What Happened

Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF)’s stock price traded down 5.2% on Wednesday . The stock traded as low as $2.90 and last traded at $2.90. 2,000 shares traded hands during trading, a decline of 44% from the average session volume of 3,542 shares. The stock had previously closed at $3.0605.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered shares of Wharf Real Estate Investment to a “cautious” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Wharf Real Estate Investment Stock Down 5.2%

The firm’s fifty day moving average is $3.16 and its 200 day moving average is $3.24.

Wharf Real Estate Investment Company Profile

Wharf Real Estate Investment Company Limited is a Hong Kong–based real estate investment firm spun off from The Wharf (Holdings) in July 2017. The company focuses on owning, managing and leasing a portfolio of prime commercial properties. It trades on the OTC market under the symbol WRFRF and is listed on the Hong Kong Stock Exchange.

The company’s portfolio features flagship assets in key Hong Kong districts, including Harbour City in Tsim Sha Tsui, Times Square in Causeway Bay, as well as the office towers at Wheelock House and Crawford House.