Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Trading Up 0.7% – Still a Buy?

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

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

The company has a 50-day simple moving average of $15.11 and a 200-day simple moving average of $13.56.

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

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.