Shares of Hongkong Land Holdings Limited (LON:HKLD - Get Free Report) dropped 29.3% during mid-day trading on Tuesday . The stock traded as low as GBX 5.24 ($0.07) and last traded at GBX 5.24 ($0.07). Approximately 800 shares changed hands during trading, a decline of 92% from the average daily volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).
Hongkong Land Price Performance
The firm has a market capitalization of £115.80 million, a price-to-earnings ratio of -20.15, a P/E/G ratio of 2.50 and a beta of 0.52. The business's 50-day simple moving average is GBX 6.61. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70.
Hongkong Land Increases Dividend
The business also recently announced a dividend, which was paid on Wednesday, May 14th. Stockholders of record on Thursday, March 20th were paid a dividend of $0.17 per share. This represents a dividend yield of 2.29%. The ex-dividend date of this dividend was Thursday, March 20th. This is a boost from Hongkong Land's previous dividend of $0.06. Hongkong Land's dividend payout ratio (DPR) is currently -8,461.54%.
Insider Transactions at Hongkong Land
In related news, insider Michael Smith purchased 356,900 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were bought at an average cost of GBX 319 ($4.29) per share, with a total value of £1,138,511 ($1,532,316.29). Also, insider Craig Beattie bought 17,600 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of GBX 489 ($6.58) per share, for a total transaction of £86,064 ($115,833.11). 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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