Hongkong Land (OTCMKTS:HNGKY) Shares Gap Down – Here’s Why

Hongkong 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 $42.7723, but opened at $39.5015. Hongkong Land shares last traded at $39.8950, with a volume of 1,267 shares trading hands.

Hongkong Land Stock Down 0.1%

The company has a debt-to-equity ratio of 0.19, a quick ratio of 8.35 and a current ratio of 8.35. The stock has a 50 day moving average of $41.39 and a 200 day moving average of $39.70.

Hongkong Land Company Profile

(Get Free Report)

Hongkong Land Holdings Limited is a property investment, management and development company with a long history in Asia. Established in 1889, the company is a member of the Jardine Matheson Group and is best known for its portfolio of premium commercial properties in Hong Kong’s Central district.

The company owns and operates office buildings, retail centers and other commercial properties, providing leasing, property management and related services. Its Hong Kong portfolio includes prominent office and retail developments serving multinational corporations, financial institutions, retailers and consumers.

Further Reading

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