Hang Lung Properties (OTCMKTS:HLPPY) Reaches New 1-Year High - Time to Buy?

Key Points

• Hang Lung Properties Ltd. achieved a new 52-week high of $5.55, with a total trading volume of 2020 shares.
• The company recently announced a dividend cut, with a payout of $0.0611 per share scheduled for October 6th, reflecting a significant yield of 574.0%.
• With a debt-to-equity ratio of 0.34, the firm maintains a solid financial position, aided by a quick and current ratio of 0.72.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - ) reached a new 52-week high on Wednesday . The stock traded as high as $5.55 and last traded at $5.55, with a volume of 2020 shares. The stock had previously closed at $5.43.

Hang Lung Properties Price Performance

The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.72 and a current ratio of 0.72. The company's fifty day moving average price is $5.02 and its two-hundred day moving average price is $4.41.

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 paid 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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