Hongkong Land (LON:HKLD) Stock Price Down 10.8% - Here's What Happened

Key Points

• Hongkong Land Holdings Limited shares experienced a significant decline of 10.8%, trading at GBX 6.61 ($0.09) during mid-day trading.
• The stock's trading volume surged to 30,600 shares, marking a 199% increase from its average session volume of 10,225 shares.
• The company's financial metrics include a debt-to-equity ratio of 20.55 and a market cap of £143.93 million, indicating significant leverage.

Shares of Hongkong Land Holdings Limited (LON:HKLD - ) fell 10.8% during mid-day trading on Tuesday . The stock traded as low as GBX 6.61 ($0.09) and last traded at GBX 6.61 ($0.09). 30,600 shares changed hands during mid-day trading, an increase of 199% from the average session volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).

Hongkong Land Trading Down 10.8%

The company has a debt-to-equity ratio of 20.55, a current ratio of 1.70 and a quick ratio of 0.65. The stock has a market cap of £143.93 million, a P/E ratio of -44.15, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The stock has a fifty day moving average price of GBX 6.20.

Hongkong Land Company Profile

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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