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

Key Points

• Hongkong Land Holdings Ltd. stock has recently crossed above its 50-day moving average, trading at $32.12 after reaching a high of $33.83.
• The company has announced a dividend of $0.24 to be paid on October 22nd, with a significant dividend yield of 328.0%.
• Hongkong Land operates mainly in real estate, managing approximately 850,000 square meters of office and luxury retail assets across multiple regions, including Hong Kong and Mainland China.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $31.38 and traded as high as $33.83. Hongkong Land shares last traded at $32.12, with a volume of 2,175 shares changing hands.

Hongkong Land Price Performance

The company's 50-day moving average is $31.56 and its two-hundred day moving average is $26.79. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.18.

Hongkong Land Cuts Dividend

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

About Hongkong Land

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.