Henderson Land Development (OTCMKTS:HLDCY) Stock Price Crosses Above 50 Day Moving Average - Here's Why

Key Points

• Henderson Land Development's stock price has surpassed its 50-day moving average of $3.43, trading as high as $3.45 during Tuesday's session.
• The company received an upgrade from Hsbc Global Res, moving from a "hold" rating to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy" from analysts.
• Henderson Land Development recently announced a significant increase in its dividend to $0.1473 per share, resulting in a remarkable 647.0% yield for shareholders.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report)'s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.43 and traded as high as $3.45. Henderson Land Development shares last traded at $3.42, with a volume of 13,651 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res upgraded Henderson Land Development from a "hold" rating to a "strong-buy" rating in a report on Monday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, Henderson Land Development currently has an average rating of "Strong Buy".

Henderson Land Development Stock Performance

The firm's fifty day moving average is $3.44 and its two-hundred day moving average is $3.05. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.18.

Henderson Land Development Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 27th. Investors of record on Monday, June 9th were issued a dividend of $0.1473 per share. This represents a yield of 647.0%. This is a boost from Henderson Land Development's previous dividend of $0.05. The ex-dividend date was Friday, June 6th.

About Henderson Land Development

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Department Stores and Supermarket-Cum-Stores Operations, Hotel Room Operation, Other Businesses, and Utility and Energy segments.