Hongkong Land (LON:HKLD) Shares Down 2.3% – Time to Sell?

Shares of Hongkong Land Holdings Limited (LON:HKLD) were down 2.3% during trading on Thursday . The company traded as low as GBX 7.24 and last traded at GBX 7.24. Approximately 6,500 shares traded hands during trading, a decline of 63% from the average daily volume of 17,562 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Price Performance

The firm has a market cap of £157.33 million, a P/E ratio of 0.13, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The stock’s 50 day simple moving average is GBX 7.82 and its 200 day simple moving average is GBX 7.76. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70.

Hongkong Land Company Profile

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. The company also develops and sells residential properties.