Henderson Land Development (OTCMKTS:HLDCY) Sets New 52-Week High – Here’s Why

Henderson Land Development Co. (OTCMKTS:HLDCY)’s share price reached a new 52-week high on Thursday . The stock traded as high as $4.49 and last traded at $4.49, with a volume of 2327 shares trading hands. The stock had previously closed at $4.29.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Henderson Land Development from a “sell” rating to a “buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Henderson Land Development Price Performance

The stock has a fifty day simple moving average of $3.98 and a 200-day simple moving average of $3.71.

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.