Sinotruk (Hong Kong) (OTCMKTS:SHKLY) Shares Up 23.4%

Sinotruk (Hong Kong) Limited (OTCMKTS:SHKLY – Get Rating)’s share price shot up 23.4% during mid-day trading on Monday . The stock traded as high as $85.50 and last traded at $85.50. 300 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 2,164 shares. The stock had previously closed at $69.30.

Analyst Ratings Changes

Separately, HSBC raised shares of Sinotruk (Hong Kong) from a “hold” rating to a “buy” rating in a research report on Tuesday, December 6th.

Sinotruk (Hong Kong) Price Performance

The firm’s 50-day simple moving average is $60.11 and its 200-day simple moving average is $57.79.

About Sinotruk (Hong Kong)

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Sinotruk (Hong Kong) Limited, an investment holding company, engages in the research, development, manufacture, and sale of heavy-duty trucks (HDTs), medium-heavy duty trucks, light duty trucks (LDTs), buses, and related parts and components in Mainland China and internationally. The company operates through four segments: Heavy Duty Trucks, Light Duty Trucks and Others, Engines, and Finance.