Henderson Land Development (OTCMKTS:HLDCY) Shares Gap Down - Time to Sell?

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.63, but opened at $3.40. Henderson Land Development shares last traded at $3.50, with a volume of 1,596 shares.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded shares of Henderson Land Development from a "hold" rating to a "strong-buy" rating in a report on Monday, June 30th.

Henderson Land Development Trading Down 6.3%

The business's fifty day moving average price is $3.19 and its 200 day moving average price is $2.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.39 and a current ratio of 2.39.

Henderson Land Development Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 27th. Stockholders of record on Monday, June 9th were issued a dividend of $0.1473 per share. This represents a dividend yield of 6.47%. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from Henderson Land Development's previous dividend of $0.05.

Henderson Land Development Company Profile

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.