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Hongkong Land (OTCMKTS:HNGKY) Shares Gap Down - Here's Why

Hongkong Land logo with Finance background

Key Points

  • Hongkong Land Holdings Ltd. experienced a significant decline in its stock price, opening at $31.96, down from a previous close of $33.69.
  • The company has a solid financial position with a current and quick ratio of 1.30 and a low debt-to-equity ratio of 0.18.
  • Hongkong Land specializes in the investment, development, and management of properties, owning approximately 850,000 square meters of office and luxury retail assets across multiple regions, including Hong Kong and Singapore.
  • Want stock alerts on Hongkong Land? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Shares of Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $33.69, but opened at $31.96. Hongkong Land shares last traded at $31.96, with a volume of 212 shares trading hands.

Hongkong Land Stock Up 1.0%

The company's 50 day moving average price is $29.82 and its 200-day moving average price is $25.01. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30.

About Hongkong Land

(Get Free Report)

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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