Sun Hung Kai Properties (OTCMKTS:SUHJY) Sets New 52-Week High – Should You Buy?

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.25 and last traded at $16.65, with a volume of 90876 shares changing hands. The stock had previously closed at $16.59.

Analysts Set New Price Targets

Several analysts have weighed in on the company. CLSA upgraded Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. Zacks Research raised Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Sun Hung Kai Properties has a consensus rating of “Buy”.

Sun Hung Kai Properties Stock Up 0.6%

The stock has a 50 day simple moving average of $13.96 and a two-hundred day simple moving average of $12.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 11.96 and a current ratio of 11.96.

About Sun Hung Kai Properties

Sun Hung Kai Properties (OTCMKTS:SUHJY) is a Hong Kong-based real estate developer and property investor, widely recognized as one of the territory’s largest and most influential property companies. The firm is primarily engaged in the development, sale and leasing of residential, commercial and industrial properties, as well as the ownership and management of investment properties such as shopping centres, office towers and hotels. It is listed on the Hong Kong Stock Exchange and also maintains an over‑the‑counter quotation in the United States.

The company’s core activities include land acquisition and project development, property sales, long‑term leasing and property management.