Henderson Land Development Co. (OTCMKTS:HLDCY - Get Free Report) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.01 and traded as low as $3.8168. Henderson Land Development shares last traded at $3.86, with a volume of 11,964 shares trading hands.
Analyst Upgrades and Downgrades
Separately, The Goldman Sachs Group raised Henderson Land Development from a "sell" rating to a "buy" rating in a research note 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's stock. According to data from MarketBeat, the company has an average rating of "Strong Buy".
Read Our Latest Report on Henderson Land Development
Henderson Land Development Stock Performance
The firm has a 50 day moving average of $4.01 and a 200-day moving average of $3.81.
Henderson Land Development Company Profile
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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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