Sun Hung Kai and (OTCMKTS:SHGKY) Trading Down 19.8% - What's Next?

Key Points

• Sun Hung Kai and Co. shares fell by 19.8% on Monday, trading as low as $2.03 compared to the previous close of $2.53.
• The firm experienced a significant drop in trading volume, with approximately 904 shares exchanged, which is 60% lower than its average daily volume of 2,279 shares.
• Sun Hung Kai primarily operates in financial services across Hong Kong and China, offering products such as unsecured loans, mortgage loans, and investment management.

Shares of Sun Hung Kai and Co. (OTCMKTS:SHGKY - ) dropped 19.8% on Monday . The stock traded as low as $2.03 and last traded at $2.03. Approximately 904 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 2,279 shares. The stock had previously closed at $2.53.

Sun Hung Kai and Stock Down 13.0%

The firm has a 50 day simple moving average of $2.11 and a two-hundred day simple moving average of $1.72.

About Sun Hung Kai and

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.

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