Henderson Land Development (OTCMKTS:HLDCY) Stock Price Passes Above 200 Day Moving Average - Here's Why

Key Points

• Henderson Land Development stock recently surpassed its 200-day moving average of $3.24, trading at $3.50 at its peak, indicating potential growth and positive momentum.
• HSBC Global Research upgraded the stock from a "hold" to a "strong-buy" rating, contributing to an average rating of "strong buy" from analysts.
• The company also recently paid a dividend of $0.0513, which reflects a remarkable yield of 574.0%.

Shares of Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.24 and traded as high as $3.50. Henderson Land Development shares last traded at $3.46, with a volume of 19,347 shares traded.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of "Strong Buy".

Henderson Land Development Price Performance

The stock has a 50-day moving average of $3.46 and a 200 day moving average of $3.24.

Henderson Land Development Cuts Dividend

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

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.

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