Hongkong Land (OTCMKTS:HNGKY) Shares Gap Up - Should You Buy?

Key Points

• Hongkong Land's share price experienced a notable gap up, opening at $33.67 after closing at $32.33, with the last traded price at $32.60.
• The company recently declared a $0.24 dividend with a high yield of 328.0%, set to be paid on October 22nd.
• Hongkong Land operates approximately 850,000 square meters of office and luxury retail assets primarily across Hong Kong, Singapore, Beijing, and Jakarta.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $32.33, but opened at $33.67. Hongkong Land shares last traded at $32.60, with a volume of 343 shares trading hands.

Hongkong Land Stock Down 5.2%

The business has a 50-day simple moving average of $31.53 and a two-hundred day simple moving average of $26.69. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30.

Hongkong Land Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a yield of 328.0%.

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.