November 10, 2019 at 3:56 pm

SHIMAO PTY HOLD/ADR (OTCMKTS:SHMAY) Downgraded by Jefferies Financial Group


Jefferies Financial Group cut shares of SHIMAO PTY HOLD/ADR (OTCMKTS:SHMAY) from a buy rating to a hold rating in a research note released on Wednesday, The Fly reports.

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Separately, HSBC upgraded SHIMAO PTY HOLD/ADR from a hold rating to a buy rating in a research report on Wednesday, August 28th.

SHMAY traded down $0.09 on Wednesday, reaching $32.17. The company’s stock had a trading volume of 100 shares, compared to its average volume of 354. The stock has a 50 day moving average of $30.81 and a two-hundred day moving average of $30.14. SHIMAO PTY HOLD/ADR has a fifty-two week low of $24.28 and a fifty-two week high of $33.00.


Shimao Property Holdings Limited, an investment holding company, engages in the property development and investment activities in the People's Republic of China. The company develops residential, commercial, and office properties; and operates hotels and shopping malls. It is also involved in the trading of construction materials; provision of marketing, architect, design, management, research, and consultancy services.

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