Hang Lung Group (OTCMKTS:HNLGY) Hits New 1-Year High - Here's What Happened

Key Points

• Hang Lung Group Ltd.'s stock reached a new 52-week high, trading at $9.16 during mid-day trading on Wednesday.
• The company's recent dividend announcement includes a payment of $0.1138 per share, translating to an unusually high dividend yield of 557.0%.
• Hang Lung Group operates primarily in property development, focusing on commercial, office, and residential properties in Hong Kong and mainland China.

Hang Lung Group Ltd. (OTCMKTS:HNLGY - )'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.16 and last traded at $9.16, with a volume of 401 shares traded. The stock had previously closed at $9.10.

Hang Lung Group Price Performance

The company has a debt-to-equity ratio of 0.34, a current ratio of 0.71 and a quick ratio of 0.71. The business has a 50-day simple moving average of $8.39 and a 200 day simple moving average of $7.44.

Hang Lung Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, August 15th will be paid a $0.1138 dividend. This represents a dividend yield of 557.0%. The ex-dividend date of this dividend is Thursday, August 14th.

Hang Lung Group Company Profile

Hang Lung Group Limited, an investment holding company, operates as a property developer in Hong Kong and the Mainland of China. The company operates through Property Leasing and Property Sales segments. It develops properties for sale and lease, such as large-scale commercial, office, and residential developments.

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