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Hang Lung Group (OTCMKTS:HNLGY) Hits New 52-Week High - Here's What Happened

Hang Lung Group logo with Finance background

Key Points

  • Hang Lung Group Ltd. shares reached a new 52-week high of $9.10, closing with a volume of 200 shares traded.
  • The company announced a dividend increase to $0.3991, representing a dividend yield of 7.39%, up from the previous dividend of $0.12.
  • Hang Lung Group operates primarily as a property developer in Hong Kong and China, focusing on commercial, office, and residential developments.
  • MarketBeat previews top five stocks to own in September.

Shares of Hang Lung Group Ltd. (OTCMKTS:HNLGY - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $9.10 and last traded at $9.10, with a volume of 200 shares changing hands. The stock had previously closed at $8.90.

Hang Lung Group Stock Up 2.2%

The business's fifty day moving average is $8.07 and its two-hundred day moving average is $7.30. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.71 and a quick ratio of 0.71.

About Hang Lung Group

(Get Free Report)

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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