Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 52-Week High - Time to Buy?

Key Points

• Sun Hung Kai Properties Ltd. reached a new 52-week high of $12.50 during trading, closing slightly lower at $12.32.
• The company's stock volume for the day was 565 shares, compared to a previous closing price of $12.42.
• Sun Hung Kai Properties specializes in development and investment of various property types, including residential estates and commercial spaces in Hong Kong and internationally.

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $12.50 and last traded at $12.32, with a volume of 565 shares trading hands. The stock had previously closed at $12.42.

Analysts Set New Price Targets

Separately, Zacks Research lowered Sun Hung Kai Properties from a "strong-buy" rating to a "hold" rating in a research note on Friday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sun Hung Kai Properties presently has a consensus rating of "Hold".

Sun Hung Kai Properties Trading Down 1.7%

The stock has a 50-day moving average price of $11.90 and a 200 day moving average price of $10.74.

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.