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Hang Lung Group (OTCMKTS:HNLGY) Trading Up 1.5% - Time to Buy?

Hang Lung Group logo with Finance background

Key Points

  • Hang Lung Group Ltd. (OTCMKTS:HNLGY) saw its stock rise 1.5% to $9.24, with trading volume increasing by 554% compared to its average.
  • The company declared a dividend of $0.1138 per share, resulting in a high dividend yield of 557.0%, with payment scheduled for October 6th.
  • Hang Lung Group operates primarily as a property developer, focusing on commercial, office, and residential developments in Hong Kong and Mainland China.
  • MarketBeat previews top five stocks to own in October.

Shares of Hang Lung Group Ltd. (OTCMKTS:HNLGY - Get Free Report) were up 1.5% during mid-day trading on Wednesday . The company traded as high as $9.24 and last traded at $9.24. Approximately 601 shares traded hands during trading, an increase of 554% from the average daily volume of 92 shares. The stock had previously closed at $9.10.

Hang Lung Group Price Performance

The stock has a 50-day moving average price of $8.49 and a 200-day moving average price of $7.50. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.71 and a current ratio of 0.71.

Hang Lung Group Cuts Dividend

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

Hang Lung Group Company Profile

(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.

See Also

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