Wharf Real Estate Investment (OTCMKTS:WRFRF) Trading 5.6% Higher – Time to Buy?

Shares of Wharf Real Estate Investment Company Limited (OTCMKTS:WRFRF) shot up 5.6% during trading on Tuesday . The stock traded as high as $3.67 and last traded at $3.67. 12,919 shares traded hands during mid-day trading, an increase of 212% from the average session volume of 4,140 shares. The stock had previously closed at $3.4740.

Analyst Ratings Changes

Separately, The Goldman Sachs Group lowered Wharf Real Estate Investment to a “cautious” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Wharf Real Estate Investment Stock Performance

The firm’s 50 day moving average is $3.29 and its 200-day moving average is $3.09.

About Wharf Real Estate Investment

Wharf Real Estate Investment Company Limited is a Hong Kong–based real estate investment firm spun off from The Wharf (Holdings) in July 2017. The company focuses on owning, managing and leasing a portfolio of prime commercial properties. It trades on the OTC market under the symbol WRFRF and is listed on the Hong Kong Stock Exchange.

The company’s portfolio features flagship assets in key Hong Kong districts, including Harbour City in Tsim Sha Tsui, Times Square in Causeway Bay, as well as the office towers at Wheelock House and Crawford House.