Henderson Land Development (OTCMKTS:HLDCY) Trading Up 6.7% – What’s Next?

Henderson Land Development Co. (OTCMKTS:HLDCY) was up 6.7% on Monday . The stock traded as high as $4.29 and last traded at $4.29. Approximately 1,002 shares were traded during trading, a decline of 92% from the average daily volume of 12,865 shares. The stock had previously closed at $4.02.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Henderson Land Development from a “sell” rating to a “buy” rating in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Henderson Land Development Stock Down 0.4%

The stock has a fifty day simple moving average of $3.87 and a 200-day simple moving average of $3.67.

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.