Hongkong Land Holdings Limited (LON:HKLD - Get Free Report)'s share price dropped 43% on Thursday . The stock traded as low as GBX 4.22 ($0.06) and last traded at GBX 4.22 ($0.06). Approximately 400 shares were traded during mid-day trading, a decline of 96% 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 company has a current ratio of 1.70, a quick ratio of 0.65 and a debt-to-equity ratio of 20.55. The firm has a market capitalization of £93.26 million, a P/E ratio of -16.23, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The business has a 50 day simple moving average of GBX 6.74.
Hongkong Land Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, March 20th will be given a dividend of $0.17 per share. This represents a dividend yield of 2.29%. This is an increase from Hongkong Land's previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 20th. Hongkong Land's dividend payout ratio (DPR) is presently -8,461.54%.
Insider Activity at Hongkong Land
In other news, insider Michael Smith bought 356,900 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were purchased at an average price of GBX 319 ($4.25) per share, with a total value of £1,138,511 ($1,517,003.33). 53.40% of the stock is owned by insiders.
About Hongkong Land
(
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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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