Hongkong Land (LON:HKLD) Shares Climb 8.8% – Here’s Why
by Tristan Rich · The Markets DailyHongkong Land Holdings Limited (LON:HKLD – Get Free Report) shares traded up 8.8% during mid-day trading on Thursday. The stock traded as high as GBX 8.06 and last traded at GBX 8.06. Approximately 32,600 shares traded hands during trading, an increase of 95% from the average daily volume of 16,685 shares. The stock had previously closed at GBX 7.41.
Hongkong Land Stock Up 8.8%
The firm’s 50 day simple moving average is GBX 8.35 and its 200 day simple moving average is GBX 7.90. The company has a market cap of £172.34 million, a price-to-earnings ratio of 0.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 1.70 and a debt-to-equity ratio of 20.55.
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. The company also develops and sells residential properties.