Zacks Investment Research cut shares of Hopewell Holdings Ltd (NASDAQ:HOWWY) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

Shares of Hopewell Holdings (NASDAQ:HOWWY) opened at 3.63 on Tuesday. Hopewell Holdings has a 1-year low of $2.67 and a 1-year high of $3.80. The company’s 50-day moving average is $3.53 and its 200 day moving average is $3.31. The firm has a market capitalization of $3.16 billion and a price-to-earnings ratio of 8.88.

About Hopewell Holdings

Hopewell Holdings Limited is a Hong Kong-based investment holding company. The Company, along with its subsidiaries, operates in six segments: property investment, which is engaged in property letting, agency and management; hotel, restaurant and catering operation, which includes hotel ownership and management, restaurant operations and food catering; property development, which is engaged in development and/or sale of properties, property under development and project management; toll road investment, which includes investments in expressway projects; power plant, which includes power plant investments and operation; treasury income, which includes interest income from bank balances and amounts due from jointly controlled entities.

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