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Hongkong Land (OTCMKTS:HNGKY) Trading Down 9.4% - Here's What Happened

Hongkong Land logo with Finance background

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report)'s share price dropped 9.4% during trading on Tuesday . The stock traded as low as $28.47 and last traded at $28.47. Approximately 1,887 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 3,982 shares. The stock had previously closed at $31.44.

Hongkong Land Price 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 has a fifty day simple moving average of $27.76 and a two-hundred day simple moving average of $23.89.

Hongkong Land Company Profile

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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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