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Hongkong Land (LON:HKLD) Stock Price Down 16.6% - Time to Sell?

Hongkong Land logo with Real Estate background

Hongkong Land Holdings Limited (LON:HKLD - Get Free Report)'s share price traded down 16.6% during trading on Thursday . The stock traded as low as GBX 6.18 ($0.08) and last traded at GBX 6.18 ($0.08). 600 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).

Hongkong Land Stock Performance

The stock has a market cap of £138.57 million, a P/E ratio of -24.12, a PEG ratio of 2.50 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 1.70 and a debt-to-equity ratio of 20.55. The business's fifty day moving average price is GBX 5.53.

Insider Activity at Hongkong Land

In related news, insider Craig Beattie acquired 17,600 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of GBX 489 ($6.57) per share, with a total value of £86,064 ($115,553.17). 53.40% of the stock is currently owned by corporate insiders.

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.

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