Henderson Land Development (OTCMKTS:HLDCY) Shares Pass Above 50 Day Moving Average - Should You Sell?

Key Points

• Henderson Land Development shares rose above their 50-day moving average, reaching $3.49 during trading with a recent close at $3.48, indicating positive momentum.
• Hsbc Global Res upgraded the company's rating from a "hold" to a "strong-buy," contributing to a consensus rating of "Strong Buy" among analysts.
• The company recently declared a dividend of $0.0513 per share, resulting in an impressive dividend yield of 574.0%, despite it cutting its dividend recently.

Shares of Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.47 and traded as high as $3.49. Henderson Land Development shares last traded at $3.48, with a volume of 7,348 shares traded.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded Henderson Land Development from a "hold" rating to a "strong-buy" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of "Strong Buy".

Henderson Land Development Price Performance

The stock has a 50 day moving average of $3.47 and a 200 day moving average of $3.20.

Henderson Land Development Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 5th were paid a dividend of $0.0513 per share. This represents a dividend yield of 574.0%. The ex-dividend date of this dividend was Thursday, September 4th.

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.

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