Sun Hung Kai Properties (OTCMKTS:SUHJY) Hits New 52-Week High – Time to Buy?

Shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) reached a new 52-week high on Wednesday . The stock traded as high as $15.61 and last traded at $15.61, with a volume of 91147 shares traded. The stock had previously closed at $15.35.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. UBS Group downgraded shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Finally, CLSA raised shares of Sun Hung Kai Properties to a “moderate buy” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Sun Hung Kai Properties Trading Up 1.7%

The company has a quick ratio of 11.96, a current ratio of 11.96 and a debt-to-equity ratio of 0.15. The business has a 50 day simple moving average of $13.04 and a 200-day simple moving average of $12.46.

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.