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

Hang Lung Properties logo with Finance background

Key Points

  • Hang Lung Properties Ltd. reached a new 52-week high, trading at $487.97, with a significant volume of 57,469 shares exchanged.
  • The company recently declared a dividend of $0.0611 per share, resulting in an impressive yield of 574.0%, with an ex-dividend date set for August 14th.
  • Hang Lung Properties has a debt-to-equity ratio of 0.34 and operates primarily in property investment, development, and management in Hong Kong and Mainland China.
  • MarketBeat previews top five stocks to own in October.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $487.97 and last traded at $487.97, with a volume of 57469 shares trading hands. The stock had previously closed at $5.66.

Hang Lung Properties Stock Down 1.3%

The company has a 50 day moving average price of $5.17 and a 200 day moving average price of $4.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.72 and a quick ratio of 0.72.

Hang Lung Properties Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, August 15th will be given a $0.0611 dividend. This represents a dividend yield of 574.0%. The ex-dividend date is Thursday, August 14th.

Hang Lung Properties Company Profile

(Get Free Report)

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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