Hongkong Land (OTCMKTS:HNGKY) Share Price Passes Above Fifty Day Moving Average - What's Next?

Key Points

• Hongkong Land Holdings Ltd. shares surpassed their 50-day moving average on Thursday, trading as high as $30.83, with a current price of $30.83.
• The company has a strong financial position, showcased by a debt-to-equity ratio of 0.18 and a quick and current ratio of 1.30.
• Hongkong Land operates in property investment and management, holding approximately 850,000 square meters of assets primarily in key cities like Hong Kong and Singapore.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - ) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $30.03 and traded as high as $30.83. Hongkong Land shares last traded at $30.83, with a volume of 2,322 shares traded.

Hongkong Land Price Performance

The business has a 50 day moving average of $30.03 and a 200 day moving average of $25.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30.

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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