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

Key Points

• Sun Hung Kai Properties (OTCMKTS:SUHJY) saw its share price drop significantly from a previous close of $12.29 to an opening price of $11.47, before last trading at $12.10 with low trading volume of 1,570 shares.
• Zacks Research has downgraded the stock from a "strong-buy" rating to a "hold" rating, contributing to an overall average rating of "Hold" for the company.
• The firm's moving averages suggest a bearish trend, with a fifty-day simple moving average of $12.06 and a two-hundred-day simple moving average of $11.11.

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $12.29, but opened at $11.47. Sun Hung Kai Properties shares last traded at $12.10, with a volume of 1,570 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded Sun Hung Kai Properties from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 12th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sun Hung Kai Properties has an average rating of "Hold".

Sun Hung Kai Properties Trading Down 0.7%

The firm has a fifty day simple moving average of $12.06 and a two-hundred day simple moving average of $11.11.

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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