Henderson Land Development (OTCMKTS:HLDCY) Shares Gap Up - Still a Buy?

Key Points

• Shares gapped up from $3.94 to $4.2008 prior to trading, though volume was light at just 232 shares traded.
• Goldman Sachs upgraded Henderson Land from a "sell" to a "buy" on Feb. 18, and MarketBeat shows an average analyst rating of "Strong Buy" based on available reports.
• The stock is trading above its key technicals, with a 50‑day moving average of $3.97 and a 200‑day moving average of $3.84, suggesting short- and long-term support below the current price.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $3.94, but opened at $4.2008. Henderson Land Development shares last traded at $4.2008, with a volume of 232 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Henderson Land Development from a "sell" rating to a "buy" rating in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

Henderson Land Development Stock Up 1.0%

The company has a 50 day moving average of $3.97 and a 200 day 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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