Wharf (OTCMKTS:WARFY) Trading 14.4% Higher – Should You Buy?

Shares of The Wharf (Holdings) Limited (OTCMKTS:WARFY) rose 14.4% during trading on Wednesday . The company traded as high as $6.70 and last traded at $6.65. Approximately 8,769 shares traded hands during mid-day trading, an increase of 1,266% from the average daily volume of 642 shares. The stock had previously closed at $5.8150.

Wharf Price Performance

The stock has a 50 day moving average of $5.89 and a 200 day moving average of $5.89.

Wharf Company Profile

Founded in 1886 and headquartered in Hong Kong, Wharf (OTCMKTS: WARFY) is a diversified conglomerate with core operations in property development and information communications. The company’s property division develops, leases and manages landmark commercial and retail complexes, including Harbour City in Tsim Sha Tsui and Times Square in Causeway Bay. Through these flagship assets and other holdings across Mainland China, Wharf aims to generate stable rental income and long-term capital appreciation.

Wharf’s communications arm comprises i-Cable Communications, which offers broadband, pay-TV and mobile services, and Wharf New T&T, a provider of data, internet and carrier solutions for enterprise and consumer markets.