Hongkong Land (OTCMKTS:HNGKY) Shares Up 7% - Still a Buy?

Key Points

• Hongkong Land Holdings Ltd. shares increased by 7% to reach $33.69 during mid-day trading, despite a significant drop in trading volume.
• The company maintains a low debt-to-equity ratio of 0.18, indicating financial stability, with a current and quick ratio both at 1.30.
• Hongkong Land operates primarily in real estate investment and development, owning and managing approximately 850,000 square meters of properties across several key Asian cities.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - ) shares traded up 7% during mid-day trading on Tuesday . The stock traded as high as $33.69 and last traded at $33.69. 1,876 shares were traded during mid-day trading, a decline of 52% from the average session volume of 3,937 shares. The stock had previously closed at $31.48.

Hongkong Land Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.30 and a quick ratio of 1.30. The firm's fifty day moving average is $29.36 and its 200-day moving average is $24.75.

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.

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