Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 1-Year High – Should You Buy?

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. CLSA raised Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. 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. Finally, UBS Group lowered shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. One investment 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Sun Hung Kai Properties Stock Up 0.4%

The company’s 50-day simple moving average is $13.79 and its 200-day simple moving average is $12.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 11.96 and a quick 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.