Hang Lung Properties (OTCMKTS:HLPPY) Share Price Passes 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 - )'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-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 changing hands.

Hang Lung Properties Trading Down 1.7%

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 $4.37 and a 200-day moving average of $4.13.

Hang Lung Properties Increases Dividend

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

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.

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