Shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $14.01, but opened at $14.53. Sun Hung Kai Properties shares last traded at $14.53, with a volume of 348 shares traded.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of Sun Hung Kai Properties from a “hold” rating to a “strong sell” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.
View Our Latest Analysis on Sun Hung Kai Properties
Sun Hung Kai Properties Stock Up 2.4%
Sun Hung Kai Properties Company Profile
Sun Hung Kai Properties Limited is a Hong Kong-based property developer and investment company. Its principal activities include the development, sale and leasing of residential, office, retail and industrial properties. The company also operates shopping malls, office buildings, hotels and serviced apartments, and provides property management and related services.
Founded in 1972, Sun Hung Kai Properties has played a prominent role in the development of Hong Kong’s built environment. Its portfolio includes large-scale residential communities, commercial complexes and mixed-use projects.
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