Hang Lung Properties (OTCMKTS:HLPPY) Shares Gap Down - Should You Sell?

Shares of Hang Lung Properties Ltd. (OTCMKTS:HLPPY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $5.03, but opened at $4.81. Hang Lung Properties shares last traded at $4.81, with a volume of 412 shares changing hands.

Hang Lung Properties Stock 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 business's 50-day simple moving average is $4.21 and its two-hundred day simple moving average is $4.06.

Hang Lung Properties Increases Dividend

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

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.