Hongkong Land (LON:HKLD) Stock Price Down 42.4% – Time to Sell?

Hongkong Land Holdings Limited (LON:HKLD)’s stock price dropped 42.4% during mid-day trading on Friday . The company traded as low as GBX 4.27 ($0.05) and last traded at GBX 4.27 ($0.05). Approximately 14,500 shares changed hands during trading, an increase of 42% from the average daily volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.09).

Hongkong Land Stock Performance

The company has a quick ratio of 0.65, a current ratio of 1.70 and a debt-to-equity ratio of 20.55. The firm has a market capitalization of £94.37 million, a P/E ratio of -16.42, a P/E/G ratio of 2.50 and a beta of 0.52. The stock has a fifty day moving average of GBX 7.22 and a 200-day moving average of GBX 7.35.

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.