Hang Lung Properties (OTCMKTS:HLPPY) Hits New 1-Year High - Here's Why

Key Points

• Hang Lung Properties shares reached a new 52-week high of $5.73 during trading, marking a significant upward movement.
• The company recently announced a dividend cut, with a payout of $0.0611 scheduled for October 6th, reflecting a yield of 574.0% despite the decreased dividend.
• Hang Lung Properties operates primarily in property investment, development, and management in Hong Kong and Mainland China, focusing on both leasing and sales segments.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - )'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $5.73 and last traded at $5.73, with a volume of 1176 shares traded. The stock had previously closed at $5.65.

Hang Lung Properties Price Performance

The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $5.09 and a 200 day moving average of $4.45.

Hang Lung Properties Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, October 6th. Shareholders of record on Friday, August 15th will be issued a $0.0611 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a yield of 574.0%.

Hang Lung Properties Company Profile

Hang Lung Properties Limited, an investment holding company, engages in the property investment, development, and management activities in Hong Kong and Mainland China. It operates through Property Leasing and Property Sales segments. The company is involved in the development, sale, and leasing of properties.

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