Hongkong Land (OTCMKTS:HNGKY) Hits New 12-Month High – Here’s Why

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKY)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $45.65 and last traded at $45.06, with a volume of 522 shares changing hands. The stock had previously closed at $42.8967.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Hongkong Land to a “buy” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Hongkong Land presently has an average rating of “Buy”.

Hongkong Land Price Performance

The business has a fifty day simple moving average of $38.04 and a two-hundred day simple moving average of $33.92.

Hongkong Land Company Profile

Hongkong Land Holdings Limited (OTCMKTS: HNGKY) is a leading property investment, management and development group focused on premier real estate in Asia’s major financial centres. Established in 1889, the company specialises in owning, managing and developing a diversified portfolio that spans premium office towers, retail complexes, select residential schemes and hospitality assets.

The group’s flagship properties include landmark office developments such as Jardine House and Exchange Square in Central, Hong Kong, alongside The Landmark retail precinct.