Hang Lung Group (OTCMKTS:HNLGY) Sets New 12-Month High - Still a Buy?

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.

Hang Lung Group Ltd. (OTCMKTS:HNLGY - ) hit a new 52-week high during mid-day trading on Thursday . The stock 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 Stock 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 firm's 50-day simple moving average is $8.23 and its 200 day simple moving average is $7.37.

About Hang Lung Group

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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