Henderson Land Development (OTCMKTS:HLDCY) Sees Unusually-High Trading Volume – Here’s What Happened

Henderson Land Development Co. (OTCMKTS:HLDCY) saw unusually-strong trading volume on Friday . Approximately 29,718 shares traded hands during trading, an increase of 63% from the previous session’s volume of 18,244 shares.The stock last traded at $3.94 and had previously closed at $3.81.

Wall Street Analysts Forecast Growth

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

Henderson Land Development Trading Up 3.0%

The firm’s fifty day simple moving average is $3.95 and its 200 day simple moving average is $3.92.

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.