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Hang Lung Properties (OTCMKTS:HLPPY) Shares Gap Up - Here's Why

Hang Lung Properties logo with Finance background

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $4.78, but opened at $5.03. Hang Lung Properties shares last traded at $4.92, with a volume of 528 shares.

Hang Lung Properties Trading Up 1.9%

The company has a fifty day moving average of $4.22 and a 200 day moving average of $4.07. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.34.

Hang Lung Properties Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, June 26th. Stockholders of record on Friday, May 9th were paid a $0.2374 dividend. This is a positive change 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

(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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