Sun Hung Kai Properties (OTCMKTS:SUHJY) Shares Gap Down - Here's Why

Key Points

• Sun Hung Kai Properties Ltd. saw its shares gap down from a previous close of $11.98 to an opening price of $11.59 on Wednesday, with the last traded price being $11.70.
• The stock experienced a decline of 1.8% and has a fifty-day moving average of $11.84 compared to a 200-day moving average of $10.55.
• Sun Hung Kai Properties engages in the development and investment of various properties, including residential, commercial, and hospitality assets, both in Hong Kong and internationally.

Shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $11.98, but opened at $11.59. Sun Hung Kai Properties shares last traded at $11.70, with a volume of 945 shares trading hands.

Sun Hung Kai Properties Price Performance

The business's 50-day moving average price is $11.85 and its 200 day moving average price is $10.61.

About Sun Hung Kai Properties

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.