Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report)’s share price shot up 7.3% during mid-day trading on Thursday. The company traded as high as $4.24 and last traded at $4.24. Approximately 380 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 5,861 shares. The stock had previously closed at $3.95.
Wall Street Analyst Weigh In
Separately, Zacks Research raised shares of Hang Lung Properties to a “hold” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company currently has an average rating of “Hold”.
Read Our Latest Report on Hang Lung Properties
Hang Lung Properties Stock Performance
The stock’s 50 day simple moving average is $4.18 and its 200-day simple moving average is $5.07.
About Hang Lung Properties
Hang Lung Properties Limited is a Hong Kong-based property developer, owner and manager. The company develops and operates a diversified portfolio of premium commercial and residential properties, including shopping malls, office buildings, hotels and luxury residential projects.
Its commercial properties serve retailers, corporate tenants, residents and visitors, while its residential developments are positioned primarily in the higher-end segment. Hang Lung Properties also provides property management and related services associated with its portfolio.
Founded in 1960, the company has operations in Hong Kong and selected major cities in mainland China, including Shanghai, Shenyang, Jinan, Wuxi, Kunming and Wuhan.
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