Hongkong Land (LON:HKLD) Stock Price Down 20% - Here's Why

Key Points

• Hongkong Land's stock price fell by 20% on Friday, closing at GBX 5.93 ($0.08), which is a significant drop from its previous close of GBX 7.41 ($0.10).
• The company experienced a 79% decrease in trading volume, with only 2,100 shares exchanging hands compared to an average volume of 10,225 shares.
• With a market capitalization of £131.05 million and a negative price-to-earnings ratio of -22.81, Hongkong Land's financial health suggests it is currently facing significant challenges.

Shares of Hongkong Land Holdings Limited (LON:HKLD - Get Free Report) traded down 20% during trading on Friday . The company traded as low as GBX 5.93 ($0.08) and last traded at GBX 5.93 ($0.08). 2,100 shares traded hands during trading, a decline of 79% from the average session volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).

Hongkong Land Price Performance

The firm has a 50-day moving average price of GBX 5.75. 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 company has a market capitalization of £133.26 million, a P/E ratio of -23.19, a PEG ratio of 2.50 and a beta of 0.52.

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.