Free Trial

Hongkong Land (OTCMKTS:HNGKY) Stock Price Down 8.4% - What's Next?

Hongkong Land logo with Finance background

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.
  • Need better tools to track Hongkong Land? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY - Get Free Report)'s share price traded down 8.4% during trading on Friday . The company 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 Stock Performance

The stock has a 50 day simple moving average of $29.89 and a 200 day simple moving average of $25.10. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.30 and a current ratio of 1.30.

About Hongkong Land

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in Hongkong Land Right Now?

Before you consider Hongkong Land, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hongkong Land wasn't on the list.

While Hongkong Land currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Options Trading Made Easy - Download Now Cover

Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 High Short Interest Stocks to Buy Before November
HUGE Upside Ahead: The Fastest Growing ETFs in the Market
Next Tech Boom: AI Robots Are Coming Sooner Than You Think!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines