Sun Hung Kai and (OTCMKTS:SHGKY) Reaches New 52-Week High - Here's Why

Key Points

• Sun Hung Kai & Co. has reached a new 52-week high of $2.93 per share, with a significant increase of 24.6% in its stock price.
• Trading volume for the day was reported at 255 shares, and the stock previously closed at $2.32.
• The company operates mainly in financial services, providing products like unsecured loans, mortgage loans, and investment management primarily in Hong Kong and China.

Sun Hung Kai and Co. (OTCMKTS:SHGKY - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $2.93 and last traded at $2.93, with a volume of 255 shares changing hands. The stock had previously closed at $2.32.

Sun Hung Kai and Price Performance

The firm's fifty day moving average price is $2.05 and its 200-day moving average price is $1.70.

Sun Hung Kai and Company Profile

Sun Hung Kai & Co Limited, an investment holding company, provides financial services primarily in Hong Kong and the People's Republic of China. The company operates through Consumer Finance, Private Credit, Mortgage Loans, Investment Management, and Group Management and Support segments. It offers unsecured loan to individuals and businesses through branches and online platforms; and first mortgage and second mortgage loans to property owners, as well as customized financing solutions to property investors.