Hang Lung Properties (OTCMKTS:HLPPY – Get Free Report) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a report released on Thursday,Zacks.com reports.
Hang Lung Properties Stock Down 1.9%
HLPPY opened at $4.63 on Thursday. The business has a 50 day moving average price of $4.71 and a 200 day moving average price of $5.44. Hang Lung Properties has a twelve month low of $4.26 and a twelve month high of $6.52. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.60 and a current ratio of 0.60.
About Hang Lung Properties
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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