Hongkong Land (OTCMKTS:HNGKY) Stock Crosses Below 50 Day Moving Average - Should You Sell?

Key Points

• Hongkong Land Holdings Ltd. (HNGKY) has seen its share price fall below its 50-day moving average, with the last traded price at $31.95.
• The company has announced a dividend of $0.24 per share, which will result in an impressive dividend yield of 328.0%.
• Hongkong Land has a low debt-to-equity ratio of 0.17, indicating a potentially stable financial position.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - )'s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $31.78 and traded as low as $31.45. Hongkong Land shares last traded at $31.95, with a volume of 4,466 shares.

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 company has a fifty day simple moving average of $31.78 and a 200 day simple moving average of $27.85.

Hongkong Land Cuts Dividend

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