Hongkong Land (OTCMKTS:HNGKY) Shares Pass Above 50 Day Moving Average - What's Next?

Key Points

• Hongkong Land's stock price has crossed above its fifty-day moving average of $30.58, reaching a high of $32.86 during trading.
• The company has a low debt-to-equity ratio of 0.18 and maintains both a quick ratio and current ratio of 1.30.
• Hongkong Land operates in property investment and management, owning approximately 850,000 square meters of office and luxury retail assets across several key markets including Hong Kong and Singapore.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $30.58 and traded as high as $32.86. Hongkong Land shares last traded at $31.10, with a volume of 7,528 shares.

Hongkong Land Trading Up 2.7%

The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.18. The firm's 50 day moving average is $30.72 and its two-hundred day moving average is $25.81.

Hongkong Land Cuts Dividend

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