Henderson Land Development (OTCMKTS:HLDCY) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Henderson Land Development Co. (OTCMKTS:HLDCYGet Free Report) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.82 and traded as high as $4.15. Henderson Land Development shares last traded at $4.1285, with a volume of 13,543 shares traded.

Henderson Land Development Trading Down 0.8%

The stock’s fifty day simple moving average is $3.82 and its 200-day simple moving average is $3.64.

Henderson Land Development Company Profile

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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.

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