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Hang Lung Group (OTCMKTS:HNLGY) Hits New 1-Year High - Still a Buy?

Hang Lung Group logo with Finance background

Key Points

  • Hang Lung Group shares reached a new 52-week high of $9.10 during trading, maintaining this price through the session with a volume of 100 shares.
  • The company's financials indicate a debt-to-equity ratio of 0.34 and a current ratio of 0.71, suggesting a strong balance sheet.
  • Hang Lung Group operates primarily as a property developer in Hong Kong and mainland China, with operations focused on property leasing and sales.
  • MarketBeat previews the top five stocks to own by October 1st.

Hang Lung Group Ltd. (OTCMKTS:HNLGY - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $9.10 and last traded at $9.10, with a volume of 100 shares. The stock had previously closed at $9.10.

Hang Lung Group Price Performance

The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $8.35 and its two-hundred day simple moving average is $7.43.

Hang Lung Group Cuts Dividend

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

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.

Further Reading

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