Hang Lung Properties (OTCMKTS:HLPPY) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Hang Lung Properties' stock price crossed above its 50-day moving average of $4.37, with the stock trading at a high of $4.76 during Thursday's session.
• The company recently increased its dividend to $0.2374 per share, yielding 7.44%, up from the previous dividend of $0.07.
• Hang Lung Properties has a debt-to-equity ratio of 0.34 and a current ratio of 0.72, indicating a stable financial position.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - Get Free Report) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.37 and traded as high as $4.76. Hang Lung Properties shares last traded at $4.70, with a volume of 6,024 shares traded.

Hang Lung Properties Stock Performance

The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $4.41 and a 200 day moving average price of $4.15.

Hang Lung Properties Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, June 26th. Stockholders of record on Friday, May 9th were issued a $0.2374 dividend. This is an increase from Hang Lung Properties's previous dividend of $0.07. This represents a dividend yield of 7.44%. The ex-dividend date was Thursday, May 8th.

About Hang Lung Properties

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.