Hongkong Land (LON:HKLD) Stock Price Down 19.6% - Here's What Happened

Key Points

• Hongkong Land Holdings Limited's shares experienced a significant drop of 19.6% during trading, closing at GBX 5.96 ($0.08).
• The trading volume was notably low, with only 500 shares changing hands, a decline of 95% from the average daily volume.
• The company operates primarily in property investment and management, boasting approximately 850,000 square meters of office and luxury retail assets across Asia.

Hongkong Land Holdings Limited (LON:HKLD - ) shares dropped 19.6% during trading on Monday . The stock traded as low as GBX 5.96 ($0.08) and last traded at GBX 5.96 ($0.08). Approximately 500 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).

Hongkong Land Stock Down 19.6%

The company has a market cap of £131.72 million, a PE ratio of -22.92, a PEG ratio of 2.50 and a beta of 0.52. The firm has a fifty day moving average price of GBX 5.96. The company has a current ratio of 1.70, a quick ratio of 0.65 and a debt-to-equity ratio of 20.55.

About Hongkong Land

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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