Shares of Hongkong Land Holdings Limited (LON:HKLD – Get Free Report) rose 7% during trading on Wednesday . The company traded as high as GBX 7.93 and last traded at GBX 7.93. Approximately 39,900 shares changed hands during trading, an increase of 364% from the average daily volume of 8,594 shares. The stock had previously closed at GBX 7.41.
Hongkong Land Trading Up 7.0%
The business’s 50-day moving average price is GBX 8.02 and its two-hundred day moving average price is GBX 7.61. The company has a debt-to-equity ratio of 20.55, a current ratio of 1.70 and a quick ratio of 0.65. The firm has a market cap of £170.37 million, a price-to-earnings ratio of 0.14, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52.
About Hongkong Land
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.
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