Henderson Land Development (OTCMKTS:HLDCY) Shares Gap Down – Time to Sell?

Henderson Land Development Co. (OTCMKTS:HLDCY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $4.28, but opened at $4.1550. Henderson Land Development shares last traded at $4.1550, with a volume of 280 shares traded.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Henderson Land Development Stock Performance

The business’s 50 day simple moving average is $4.01 and its two-hundred day simple moving average is $3.73.

Henderson Land Development Company Profile

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.