Sun Hung Kai and (OTCMKTS:SHGKY) Stock Price Up 1.5% - Here's Why

Key Points

• Sun Hung Kai and Co. shares increased by 1.5% on Wednesday, trading at $1.98, compared to a previous close of $1.95.
• Despite the uptick, trading volume decreased by 6% from the average daily volume, with approximately 210 shares exchanged during mid-day trading.
• The company, based in Hong Kong and China, specializes in financial services including consumer finance, private credit, and mortgage loans.

Sun Hung Kai and Co. (OTCMKTS:SHGKY - Get Free Report)'s share price traded up 1.5% during mid-day trading on Wednesday . The stock traded as high as $1.98 and last traded at $1.98. 210 shares changed hands during trading, a decline of 6% from the average session volume of 224 shares. The stock had previously closed at $1.95.

Sun Hung Kai and Price Performance

The stock has a 50 day moving average of $1.65 and a two-hundred day moving average of $1.59.

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.