Sun Hung Kai Properties (OTCMKTS:SUHJY) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.60 and traded as high as $12.6740. Sun Hung Kai Properties shares last traded at $12.43, with a volume of 50,178 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. CLSA upgraded Sun Hung Kai Properties to a “moderate buy” rating in a research note on Tuesday, November 11th. Zacks Research downgraded shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 12th. Finally, UBS Group cut shares of Sun Hung Kai Properties from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

Sun Hung Kai Properties Trading Down 0.3%

The stock has a fifty day simple moving average of $12.60 and a 200-day simple moving average of $12.18.

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.