Hongkong Land (OTCMKTS:HNGKY) Trading Down 8.4% - Time to Sell?

Key Points

• Hongkong Land Holdings Ltd. saw its shares decline 8.4%, closing at $28.82 after trading significantly lower than its previous close of $31.45.
• The trading volume increased to approximately 6,821 shares, which is a 73% rise compared to the average daily volume of 3,940 shares.
• Hongkong Land specializes in the investment, development, and management of properties across various regions including Hong Kong, Macau, and Mainland China, with substantial assets in both office and luxury retail sectors.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report) shares fell 8.4% during trading on Friday . The stock traded as low as $28.82 and last traded at $28.82. 6,821 shares traded hands during trading, an increase of 73% from the average session volume of 3,940 shares. The stock had previously closed at $31.45.

Hongkong Land Price Performance

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 has a 50-day moving average of $29.82 and a 200 day moving average of $25.01.

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.