Hongkong Land (LON:HKLD) Shares Up 16.6% – Here’s Why

Hongkong Land Holdings Limited (LON:HKLD – Get Free Report)’s share price traded up 16.6% during trading on Thursday. The stock traded as high as GBX 8.64 and last traded at GBX 8.64. 303,900 shares changed hands during mid-day trading, an increase of 1,721% from the average session volume of 16,685 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Stock Performance

The company has a quick ratio of 0.65, a current ratio of 1.70 and a debt-to-equity ratio of 20.55. The business has a 50 day moving average price of GBX 8.18 and a two-hundred day moving average price of GBX 7.88. The stock has a market cap of £184.75 million, a P/E ratio of 0.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52.

Hongkong Land Company Profile

(Get Free Report)

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.

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