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

Key Points

• Hang Lung Properties Ltd. shares experienced a gap up, opening at $4.91 after closing at $4.70.
• The company increased its dividend, declaring $0.2374 per share, significantly higher than the previous $0.07 dividend, indicating a 7.44% yield.
• The stock has a debt-to-equity ratio of 0.34 and operates through segments involving property leasing and sales in Hong Kong and Mainland China.
• Last traded shares of Hang Lung Properties were recorded at $4.69 with a trading volume of 4,627 shares.

Shares of Hang Lung Properties Ltd. (OTCMKTS:HLPPY - ) gapped up before the market opened on Friday . The stock had previously closed at $4.70, but opened at $4.91. Hang Lung Properties shares last traded at $4.69, with a volume of 4,627 shares traded.

Hang Lung Properties Stock Performance

The business has a 50-day simple moving average of $4.37 and a 200 day simple moving average of $4.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.72 and a quick ratio of 0.72.

Hang Lung Properties Increases Dividend

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

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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