Hongkong Land (OTCMKTS:HNGKY) Stock Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY) shares rose above their fifty-day moving average of $31.51, reaching a high of $33.02 during recent trading.
• The company announced a dividend of $0.24 per share, with a significant yield of 328.0%, to be paid on October 22nd.
• Hongkong Land holds properties across multiple regions, including Hong Kong and Macau, managing approximately 850,000 square meters of prime office and luxury retail assets.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $31.51 and traded as high as $33.02. Hongkong Land shares last traded at $32.04, with a volume of 3,360 shares.

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 company's fifty day moving average is $31.58 and its 200-day moving average is $27.18.

Hongkong Land Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, August 25th will be issued a $0.24 dividend. 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.