Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF – Get Free Report) shares saw unusually-strong trading volume on Thursday. 65,997 shares were traded during mid-day trading, an increase of 74% from the previous session’s volume of 37,910 shares. The stock last traded at $15.05 and had previously closed at $15.06.
Analysts Set New Price Targets
Separately, Barclays reiterated an “overweight” rating and issued a $23.00 target price on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a report on Thursday, August 20th. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $23.00.
Check Out Our Latest Research Report on HNHPF
Hon Hai Precision Industry Co., Ltd. Sponsored GDR Price Performance
The firm has a 50 day moving average price of $15.87 and a 200-day moving average price of $15.54.
About Hon Hai Precision Industry Co., Ltd. Sponsored GDR
Hon Hai Precision Industry Co, Ltd., commonly known as Foxconn, is a Taiwan-based electronics manufacturing services company. It provides product design, component manufacturing, assembly, testing, supply-chain management and after-sales services for technology companies and other industrial customers.
The company manufactures and supports a broad range of products, including smartphones, computers, servers, networking equipment, televisions, game consoles, electronic components and connectors.
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