Hongkong Land (LON:HKLD) Trading Up 15.5% – Still a Buy?

Hongkong Land Holdings Limited (LON:HKLD)’s share price shot up 15.5% during mid-day trading on Thursday . The stock traded as high as GBX 8.56 and last traded at GBX 8.56. 1,500 shares were traded during mid-day trading, a decline of 86% from the average session volume of 10,467 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Stock Performance

The firm’s 50-day moving average is GBX 7.79 and its 200 day moving average is GBX 6.82. The firm has a market capitalization of £183.42 million, a price-to-earnings ratio of -0.57, a P/E/G ratio of 2.50 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 0.65 and a debt-to-equity ratio of 20.55.

Hongkong Land Company Profile

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.