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

Sun Hung Kai Properties logo with Finance background

Key Points

  • Sun Hung Kai Properties shares gapped down from a previous closing price of $12.04 to open at $11.51 on Monday, with a trading volume of 323 shares.
  • Zacks Research downgraded the stock from a "strong-buy" rating to a "hold" rating, reflecting a cautious outlook from analysts.
  • The stock currently has a 50-day moving average of $12.01 and a 200-day moving average of $10.96, indicating its fluctuating performance over time.
  • Five stocks we like better than Sun Hung Kai Properties.

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $12.04, but opened at $11.51. Sun Hung Kai Properties shares last traded at $11.51, with a volume of 323 shares.

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 report on Friday, September 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sun Hung Kai Properties currently has an average rating of "Hold".

Read Our Latest Report on SUHJY

Sun Hung Kai Properties Price Performance

The stock has a 50-day moving average price of $12.01 and a 200 day moving average price of $10.96.

About Sun Hung Kai Properties

(Get Free Report)

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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