Henderson Land Development (OTCMKTS:HLDCY) Trading Up 6.7% – Time to Buy?

Shares of Henderson Land Development Co. (OTCMKTS:HLDCY) rose 6.7% on Monday . The company traded as high as $4.29 and last traded at $4.29. Approximately 1,002 shares were traded during trading, a decline of 92% from the average daily volume of 12,865 shares. The stock had previously closed at $4.02.

Analyst Ratings Changes

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

Henderson Land Development Price Performance

The company’s 50-day moving average is $3.87 and its 200-day moving average is $3.67.

Henderson Land Development Company Profile

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.