Henderson Land Development (OTCMKTS:HLDCY) Shares Gap Down – Time to Sell?

Henderson Land Development Co. (OTCMKTS:HLDCY) gapped down before the market opened on Wednesday . The stock had previously closed at $3.43, but opened at $3.3150. Henderson Land Development shares last traded at $3.3150, with a volume of 1,221 shares trading hands.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of 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 given a Buy rating to the company’s stock. Based on data from MarketBeat, Henderson Land Development presently has a consensus rating of “Strong Buy”.

Henderson Land Development Trading Down 1.1%

The firm has a 50-day moving average of $3.89 and a 200 day moving average of $3.90.

Henderson Land Development Company Profile

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.