Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Shares Up 0.7% – Here’s What Happened

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPFGet Free Report)’s share price shot up 0.7% during mid-day trading on Friday . The stock traded as high as $14.36 and last traded at $14.35. 19,756 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 29,432 shares. The stock had previously closed at $14.25.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Stock Performance

The company has a 50 day simple moving average of $15.11 and a two-hundred day simple moving average of $13.54.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile

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Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a leading global electronics contract manufacturer and technology solutions provider. The company specializes in the design, development and assembly of a wide range of electronic products, including smartphones, tablets, personal computers, servers and networking equipment. Alongside its core manufacturing services, Hon Hai offers turnkey production capabilities, encompassing engineering, supply chain management and after-sales support for original equipment manufacturers (OEMs) and brand owners.

Founded in 1974 by Terry Gou and headquartered in Tucheng District, New Taipei City, Taiwan, Hon Hai has grown from a single factory operation into one of the world’s largest private employers.

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