Hang Lung Group (OTCMKTS:HNLGY) Trading Up 1.5% - Should You Buy?

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.

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

Hang Lung Group Stock Performance

The business has a fifty day simple moving average of $8.43 and a two-hundred day simple moving average of $7.45. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.34.

Hang Lung Group Cuts Dividend

The firm also recently declared 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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