Hongkong Land (LON:HKLD) Shares Up 1.8% – Time to Buy?

Hongkong Land Holdings Limited (LON:HKLDGet Free Report) shot up 1.8% during mid-day trading on Thursday . The stock traded as high as GBX 7.54 and last traded at GBX 7.54. Approximately 27,500 shares changed hands during trading, an increase of 65% from the average daily volume of 16,685 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Stock Up 1.8%

The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70. The stock has a market cap of £161.22 million, a price-to-earnings ratio of 0.13, a PEG ratio of 2.50 and a beta of 0.52. The firm’s 50-day simple moving average is GBX 7.43 and its two-hundred day simple moving average is GBX 7.88.

About Hongkong Land

(Get Free Report)

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta. The company also develops and sells residential properties.

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