Ck Hutchison (OTCMKTS:CKHUY) Shares Gap Up – Time to Buy?

Ck Hutchison Holdings Ltd (OTCMKTS:CKHUY) gapped up prior to trading on Friday . The stock had previously closed at $8.36, but opened at $8.8699. Ck Hutchison shares last traded at $8.8525, with a volume of 5,975 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Ck Hutchison to a “hold” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Ck Hutchison Stock Performance

The firm’s fifty day moving average price is $8.56 and its 200 day moving average price is $7.90. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.37 and a current ratio of 1.57.

About Ck Hutchison

CK Hutchison Holdings Limited (OTCMKTS: CKHUY) is a Hong Kong–based multinational conglomerate with diversified operations across ports, retail, telecommunications, infrastructure, property and related services. The group was created in 2015 through the combination of the Cheung Kong and Hutchison Whampoa businesses and is headquartered in Hong Kong. CK Hutchison pursues a strategy of long‑term investment and active portfolio management across multiple capital‑intensive sectors.

The company’s principal activities include global port operations through Hutchison Ports, one of the world’s largest port operators; health and beauty, grocery and related retailing through A.S.