Sun Hung Kai Properties (OTCMKTS:SUHJY) Shares Gap Up – Here’s Why

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) gapped up before the market opened on Monday . The stock had previously closed at $17.26, but opened at $17.93. Sun Hung Kai Properties shares last traded at $17.9650, with a volume of 1,195 shares changing hands.

Analysts Set New Price Targets

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

Sun Hung Kai Properties Stock Performance

The company has a current ratio of 11.96, a quick ratio of 11.96 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average price is $14.67 and its 200 day moving average price is $13.15.

Sun Hung Kai Properties Company Profile

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.