Hang Lung Properties (OTCMKTS:HLPPY) Shares Gap Down – What’s Next?

Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $5.77, but opened at $5.58. Hang Lung Properties shares last traded at $5.58, with a volume of 402 shares changing hands.

Hang Lung Properties Price Performance

The firm’s 50-day moving average price is $5.72 and its two-hundred day moving average price is $5.29.

Hang Lung Properties Company Profile

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Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.

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