Hang Lung Properties (OTCMKTS:HLPPY – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.
Hang Lung Properties Price Performance
Shares of OTCMKTS HLPPY opened at $4.63 on Thursday. Hang Lung Properties has a 12 month low of $4.26 and a 12 month high of $6.52. The business’s 50 day moving average is $4.71 and its two-hundred day moving average is $5.44. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.34.
Hang Lung Properties Company Profile
Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.
Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.
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