Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) Shares Gap Up – Here’s What Happened

Hon Hai Precision Industry Co., Ltd. Sponsored GDR (OTCMKTS:HNHPF) gapped up prior to trading on Monday. The stock had previously closed at $13.5150, but opened at $14.4180. Hon Hai Precision Industry Co., Ltd. Sponsored GDR shares last traded at $14.5350, with a volume of 8,935 shares trading hands.

Analyst Ratings Changes

Separately, Barclays reiterated an “overweight” rating and set a $23.00 price target on shares of Hon Hai Precision Industry Co., Ltd. Sponsored GDR in a research note on Thursday, August 20th. One analyst has rated the stock with a Buy rating. According to MarketBeat.com, Hon Hai Precision Industry Co., Ltd. Sponsored GDR presently has an average rating of “Buy” and a consensus price target of $23.00.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Stock Up 5.6%

The stock has a fifty day moving average of $15.53 and a 200-day moving average of $15.10.

Hon Hai Precision Industry Co., Ltd. Sponsored GDR Company Profile

Hon Hai Precision Industry Co, Ltd., widely known as Foxconn, is a Taiwan-based electronics manufacturer and technology services provider. Founded in 1974 by Terry Gou, the company produces and assembles electronic products and components for other companies.

Its activities include manufacturing smartphones, computers, consumer electronics, and communications and cloud-networking equipment. Hon Hai also provides product design, engineering, supply-chain management, and related manufacturing services, and has expanded into areas such as electric vehicles and automotive components.

The company serves customers worldwide through operations and manufacturing sites across Asia, the Americas, and Europe.