Hongkong Land (LON:HKLD) Shares Down 47% – Here’s Why

Hongkong Land Holdings Limited (LON:HKLD) traded down 47% during mid-day trading on Tuesday . The stock traded as low as GBX 3.93 ($0.05) and last traded at GBX 3.93 ($0.05). 1,000 shares traded hands during trading, a decline of 90% from the average session volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).

Hongkong Land Price Performance

The company has a debt-to-equity ratio of 20.55, a current ratio of 1.70 and a quick ratio of 0.65. The company’s 50-day simple moving average is GBX 7.34 and its 200-day simple moving average is GBX 7.36. The stock has a market capitalization of £86.85 million, a P/E ratio of -15.12, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52.

Hongkong Land Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Thursday, August 22nd will be given a dividend of $0.06 per share. This represents a yield of 0.81%. The ex-dividend date of this dividend is Thursday, August 22nd. Hongkong Land’s dividend payout ratio (DPR) is currently -8,461.54%.

About Hongkong Land

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.