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

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 - ) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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 Up 0.5%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30. The company's 50-day moving average price is $31.51 and its two-hundred day moving average price is $26.93.

Hongkong Land Cuts Dividend

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

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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