Sun Hung Kai Properties (OTCMKTS:SUHJY) Reaches New 52-Week High - Here's Why

Shares of Sun Hung Kai Properties Ltd. (OTCMKTS:SUHJY - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $15.61 and last traded at $15.61, with a volume of 91147 shares trading hands. The stock had previously closed at $15.35.Wall Street Analyst Weigh InSeveral research firms have weighed in on SUHJY. UBS Group downgraded shares of Sun Hung Kai Properties from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 16th. CLSA raised Sun Hung Kai Properties to a "moderate buy" rating in a research note on Tuesday, November 11th. Finally, Zacks Research raised shares of Sun Hung Kai Properties from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Sun Hung Kai Properties currently has an average rating of "Buy".Read Our Latest Report on Sun Hung Kai PropertiesSun Hung Kai Properties Stock PerformanceThe business has a 50-day simple moving average of $13.04 and a 200-day simple moving average of $12.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 11.96 and a quick ratio of 11.96. About Sun Hung Kai Properties (Get Free Report)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.Read MoreFive stocks we like better than Sun Hung Kai PropertiesAmerica's Next Power Move Starts UndergroundYour Signature Is Missing – Act Before It’s Too LateNEW LAW: Congress Approves Setup For Digital Dollar?BSEM: A $25.50 Price Target, and Nasdaq on the Horizon!URGENT: Trump Just Triggered AI’s Biggest Disruption YetThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Sun Hung Kai Properties Right Now?Before you consider Sun Hung Kai Properties, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Hung Kai Properties wasn't on the list.While Sun Hung Kai Properties currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here