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Henderson Land Development (OTCMKTS:HLDCY) Shares Pass Below 50-Day Moving Average - Here's Why

Henderson Land Development logo with Finance background
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Key Points

  • Henderson Land Development (HLDCY) passed below its 50-day moving average of $4.03, trading as low as $3.84 and last at $3.88 on volume of 25,908 shares, with a 200-day moving average of $3.79.
  • Goldman Sachs upgraded the stock from "sell" to "buy", and analyst coverage now shows a consensus rating of Strong Buy (one Strong Buy, one Buy).
  • MarketBeat previews the top five stocks to own by June 1st.

Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.03 and traded as low as $3.84. Henderson Land Development shares last traded at $3.88, with a volume of 25,908 shares changing hands.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Check Out Our Latest Report on Henderson Land Development

Henderson Land Development Trading Up 1.8%

The firm has a 50-day moving average of $4.03 and a 200-day moving average of $3.79.

About Henderson Land Development

(Get Free Report)

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.

See Also

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