Henderson Land Development (OTCMKTS:HLDCY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Shares of Henderson Land (OTCMKTS:HLDCY) experienced an 82% jump in mid-day trading volume to 31,660 shares, with the last trade at $4.0788 versus a prior close of $3.94.
• Goldman Sachs upgraded the stock from "sell" to "buy" on Feb. 18, and MarketBeat's analyst data shows an overall consensus of Strong Buy.
• Henderson Land is a Hong Kong-based property developer (founded 1976); the stock is trading near its technicals with a 50-day SMA of $3.97 and a 200-day SMA of $3.84.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) shares saw an uptick in trading volume on Monday . 31,660 shares changed hands during mid-day trading, an increase of 82% from the previous session's volume of 17,364 shares.The stock last traded at $4.0788 and had previously closed at $3.94.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Henderson Land Development from a "sell" rating to a "buy" rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat, Henderson Land Development presently has an average rating of "Strong Buy".

Henderson Land Development Price Performance

The business has a fifty day simple moving average of $3.97 and a 200 day simple moving average of $3.84.

About Henderson Land Development

Henderson Land Development OTCMKTS: HLDCY is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company's core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.

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