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Hongkong Land (LON:HKLD) Shares Down 1.2% - Here's What Happened

Hongkong Land logo with Real Estate background

Key Points

  • Hongkong Land Holdings Limited shares experienced a decline of 1.2%, closing at GBX 6.47 ($0.09) with only 400 shares traded, marking a significant 96% drop in trading volume compared to its average.
  • The company has a market capitalization of £140.59 million and a debt-to-equity ratio of 20.55, indicating a relatively high level of debt compared to its equity.
  • Hongkong Land primarily engages in property investment, development, and management across various regions including Hong Kong, Macau, and Mainland China, managing approximately 850,000 square meters of assets.
  • Interested in Hongkong Land? Here are five stocks we like better.

Hongkong Land Holdings Limited (LON:HKLD - Get Free Report) shares were down 1.2% during trading on Wednesday . The company traded as low as GBX 6.47 ($0.09) and last traded at GBX 6.47 ($0.09). Approximately 400 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 10,225 shares. The stock had previously closed at GBX 6.55 ($0.09).

Hongkong Land Stock Performance

The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70. The firm has a 50 day simple moving average of GBX 6.27. The stock has a market capitalization of £140.59 million, a P/E ratio of -43.22, a P/E/G ratio of 2.50 and a beta of 0.52.

About Hongkong Land

(Get Free Report)

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.

Further Reading

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