Hongkong Land (OTCMKTS:HNGKY) Shares Cross Above Fifty Day Moving Average - Here's What Happened

Key Points

• Hongkong Land's stock price has increased past its fifty-day moving average of $31.72, trading as high as $35.64, and currently sits at $33.80.
• The company has announced a dividend of $0.24 per share, with a significant yield of 328.0%, to be paid on October 22nd.
• Hongkong Land maintains a low debt-to-equity ratio of 0.18, indicating strong financial stability in its operations across several regions, including Hong Kong and Mainland China.

Shares of Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $31.72 and traded as high as $35.64. Hongkong Land shares last traded at $33.80, with a volume of 14,796 shares traded.

Hongkong Land Stock Up 0.7%

The business has a fifty day moving average of $31.72 and a 200 day moving average of $27.42. 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 Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th will be paid a dividend of $0.24 per share. The ex-dividend date 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.