Sun Hung Kai Properties (OTCMKTS:SUHJY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Sun Hung Kai Properties Limited (OTCMKTS:SUHJY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.86 and traded as low as $8.83. Sun Hung Kai Properties shares last traded at $8.90, with a volume of 186,122 shares trading hands.

Sun Hung Kai Properties Price Performance

The stock’s 50 day moving average price is $9.58 and its two-hundred day moving average price is $9.86.

Sun Hung Kai Properties Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.3391 per share. The ex-dividend date was Tuesday, November 12th. This is a positive change from Sun Hung Kai Properties’s previous dividend of $0.10. This represents a dividend yield of 3.99%.

About Sun Hung Kai Properties

Sun Hung Kai Properties Limited develops and invests in properties for sale and rent in Hong Kong, Mainland China, and internationally. It develops, sells, and leases properties, including residential estates, offices, shopping malls, industrial offices, and hotels and serviced suites. The company also provides property management services; construction-related services, including landscaping, electrical and mechanical installation, production and installation of wooden doors, and construction plant and machinery leasing; and insurance products to individuals and businesses comprising householder’s comprehensive, fire, employees’ compensation, travel, personal accident, motor vehicles, contractors’ all risks, third party liability, and property all risks.