Hongkong Land (OTCMKTS:HNGKY) Shares Gap Down – Here’s What Happened
by Teresa Graham · The Cerbat GemHongkong Land Holdings Ltd. (OTCMKTS:HNGKY – Get Free Report)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $41.50, but opened at $38.9210. Hongkong Land shares last traded at $38.9210, with a volume of 621 shares trading hands.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised shares of Hongkong Land to a “buy” rating in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.
View Our Latest Analysis on HNGKY
Hongkong Land Stock Performance
The company has a current ratio of 8.35, a quick ratio of 8.35 and a debt-to-equity ratio of 0.19. The business’s fifty day moving average price is $40.71 and its two-hundred day moving average price is $38.34.
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.