Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) shares dropped 4.7% during mid-day trading on Monday . The stock traded as low as $5.60 and last traded at $5.60. Approximately 2,543 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 12,458 shares. The stock had previously closed at $5.8750.
Hang Lung Properties Stock Up 1.1%
The company’s fifty day moving average price is $5.72 and its two-hundred day moving average price is $5.29.
Hang Lung Properties Company Profile
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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