Henderson Land Development (OTCMKTS:HLDCY) Sees Large Volume Increase – Still a Buy?

Henderson Land Development Co. (OTCMKTS:HLDCY) shares saw strong trading volume on Tuesday . 51,011 shares traded hands during mid-day trading, an increase of 170% from the previous session’s volume of 18,898 shares.The stock last traded at $3.48 and had previously closed at $3.51.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, Henderson Land Development has an average rating of “Strong Buy”.

Henderson Land Development Trading Up 0.6%

The stock’s 50-day simple moving average is $3.91 and its 200-day simple moving average is $3.91.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.