Sun Hung Kai Properties (OTCMKTS:SUHJY) Hits New 52-Week High - Should You Buy?

Key Points

• Sun Hung Kai Properties recently reached a new 52-week high, trading at $12.27 during mid-day, compared to its previous close of $11.97.
• The company's 50-day and 200-day moving averages are currently at $11.47 and $10.15, respectively, indicating positive momentum in its stock performance.
• Sun Hung Kai Properties engages in the development and management of various property types across Hong Kong, Mainland China, and other international markets.

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - ) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $12.27 and last traded at $12.25, with a volume of 622 shares changing hands. The stock had previously closed at $11.97.

Sun Hung Kai Properties Stock Performance

The firm's 50-day moving average is $11.47 and its two-hundred day moving average is $10.15.

Sun Hung Kai Properties Company Profile

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company also provides property management services; construction-related services, including landscaping, electrical and mechanical installation, production and installation of wooden doors, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder's comprehensive, fire, employees' compensation, travel, personal accident, motor vehicles, contractors' all risks, third party liability, and property all risks.

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