Hang Lung Properties (OTCMKTS:HLPPY) Shares Gap Up - Still a Buy?

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.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - Get Free Report) shares gapped up prior to trading 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 trading hands.

Hang Lung Properties Stock Up 2.0%

The company's 50-day moving average price is $4.41 and its two-hundred day moving average price is $4.15. 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 company also recently disclosed a dividend, which was paid on Thursday, June 26th. Investors of record on Friday, May 9th were issued a $0.2374 dividend. This is a positive change from Hang Lung Properties's previous dividend of $0.07. This represents a yield of 7.44%. 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.