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

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.

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 traded.

Hongkong Land Trading Down 8.4%

The company has a 50-day moving average of $29.72 and a two-hundred day moving average of $24.91. 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.