Hongkong Land (LON:HKLD) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Hongkong Land Holdings Limited (LON:HKLD – Get Free Report) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 8.04 and traded as high as GBX 8.47. Hongkong Land shares last traded at GBX 8.47, with a volume of 557,000 shares traded.

Hongkong Land Stock Performance

The stock’s 50-day moving average price is GBX 8.34 and its 200 day moving average price is GBX 8.04. The firm has a market capitalization of £177.05 million, a PE ratio of 0.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The company has a debt-to-equity ratio of 20.55, a current ratio of 1.70 and a quick ratio of 0.65.

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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