Sun Hung Kai Properties (OTCMKTS:SUHJY) Shares Gap Down - Time to Sell?

Key Points

• Sun Hung Kai Properties shares gapped down from a previous close of $12.03 to open at $11.63 on Tuesday, with a trading volume of 1,147 shares.
• Zacks Research downgraded the stock from a "strong-buy" rating to a "hold" rating, resulting in a current average rating of "Hold".
• The company's 50-day moving average is $11.99 while its 200-day moving average stands at $10.90, indicating recent stock price action below these averages.

Shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $12.03, but opened at $11.63. Sun Hung Kai Properties shares last traded at $11.63, with a volume of 1,147 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Sun Hung Kai Properties from a "strong-buy" rating to a "hold" rating in a report on Friday, September 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

Sun Hung Kai Properties Price Performance

The company has a 50 day moving average price of $11.99 and a 200 day moving average price of $10.90.

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.

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