Hongkong Land (OTCMKTS:HNGKY) Shares Gap Up - Time to Buy?

Key Points

• Hongkong Land Holdings Ltd. shares gapped up from a previous closing price of $31.44 to an opening price of $32.82 on Wednesday, with a trading volume of 447 shares.
• The company announced a dividend of $0.24 for stockholders, representing a dividend yield of 328.0%, to be paid on October 22nd.
• Hongkong Land engages in the investment and management of properties across multiple regions, owning approximately 850,000 square meters of office and luxury retail assets primarily in Asia.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - ) gapped up prior to trading on Wednesday . The stock had previously closed at $31.44, but opened at $32.82. Hongkong Land shares last traded at $32.82, with a volume of 447 shares trading hands.

Hongkong Land Stock Performance

The company has a quick ratio of 1.30, a current ratio of 1.15 and a debt-to-equity ratio of 0.17. The business's fifty day simple moving average is $31.78 and its 200-day simple moving average is $27.88.

Hongkong Land Cuts Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, October 22nd. Stockholders of record on Monday, August 25th will be issued a $0.24 dividend. The ex-dividend date is Friday, August 22nd. This represents a dividend yield of 328.0%.

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.

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