ValuEngine lowered shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) from a buy rating to a hold rating in a report issued on Friday morning.

Separately, Zacks Investment Research downgraded Sun Hung Kai Properties from a hold rating to a sell rating in a research report on Friday, June 2nd.

Sun Hung Kai Properties (OTCMKTS SUHJY) traded up 4.30% during midday trading on Friday, hitting $17.24. The company had a trading volume of 6,315 shares. The stock’s 50-day moving average price is $15.89 and its 200-day moving average price is $15.22. Sun Hung Kai Properties has a 52-week low of $12.43 and a 52-week high of $17.24. The stock has a market cap of $49.91 billion, a PE ratio of 10.11 and a beta of 1.04.

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About Sun Hung Kai Properties

Sun Hung Kai Properties Limited is an investment holding company. The Company is engaged in the development of and investment in properties for sale and rent, hotel operation, telecommunications, transportation, infrastructure and logistics. Its segments include Property sales, Property rental, Hotel operation, Telecommunications, Transport infrastructure and logistics, and Other businesses.

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