Sun Hung Kai Properties (OTCMKTS:SUHJY) Hits New 52-Week High – Here’s Why

Shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY) reached a new 52-week high on Tuesday . The company traded as high as $17.9650 and last traded at $17.8550, with a volume of 58504 shares changing hands. The stock had previously closed at $17.57.

Analysts Set New Price Targets

Several brokerages recently issued reports on SUHJY. Zacks Research upgraded Sun Hung Kai Properties from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. CLSA raised shares of 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 assigned a Hold rating to the company. According to data from MarketBeat, Sun Hung Kai Properties currently has an average rating of “Buy”.

Sun Hung Kai Properties Price Performance

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 firm has a fifty day moving average price of $14.55 and a 200-day moving average price of $13.11.

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.