Hongkong Land (OTCMKTS:HNGKY) Trading Down 4.1% – Time to Sell?
by Amy Steele · The Cerbat GemHongkong Land Holdings Ltd. (OTCMKTS:HNGKY – Get Free Report) shares were down 4.1% during trading on Monday . The stock traded as low as $39.89 and last traded at $39.89. Approximately 250 shares were traded during trading, a decline of 98% from the average daily volume of 11,656 shares. The stock had previously closed at $41.59.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group raised Hongkong Land to a “buy” rating in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hongkong Land currently has an average rating of “Buy”.
Get Our Latest Report on HNGKY
Hongkong Land Stock Down 0.2%
The company has a 50-day moving average price of $41.71 and a 200-day moving average price of $36.98. The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 0.19.
About Hongkong Land
Hongkong Land Holdings Limited (OTCMKTS: HNGKY) is a leading property investment, management and development group focused on premier real estate in Asia’s major financial centres. Established in 1889, the company specialises in owning, managing and developing a diversified portfolio that spans premium office towers, retail complexes, select residential schemes and hospitality assets.
The group’s flagship properties include landmark office developments such as Jardine House and Exchange Square in Central, Hong Kong, alongside The Landmark retail precinct.