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Hang Lung Properties (OTCMKTS:HLPPY) Share Price Passes Above Fifty Day Moving Average - Here's Why

Hang Lung Properties logo with Finance background

Key Points

  • Hang Lung Properties Ltd. stock has recently crossed above its 50-day moving average, trading at $5.13, which is higher than the average of $4.93.
  • The company announced a dividend of $0.0611 per share, to be paid on October 6th, reflecting a remarkably high yield of 574.0%.
  • Hang Lung Properties operates mainly in property investment and management in Hong Kong and Mainland China.
  • MarketBeat previews the top five stocks to own by October 1st.

Hang Lung Properties Ltd. (OTCMKTS:HLPPY - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.93 and traded as high as $5.13. Hang Lung Properties shares last traded at $5.13, with a volume of 418 shares traded.

Hang Lung Properties Trading Down 0.3%

The business has a 50-day moving average price of $4.97 and a 200-day moving average price of $4.37. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.34.

Hang Lung Properties Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, October 6th. Stockholders of record on Friday, August 15th will be given a dividend of $0.0611 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a dividend yield of 574.0%.

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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