Shares of Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) hit a new 52-week low on Thursday. The company traded as low as $4.00 and last traded at $4.00, with a volume of 8,683 shares trading hands. The stock had previously closed at $4.1050.
Analysts Set New Price Targets
Separately, Zacks Research raised shares of Hang Lung Properties to a “hold” rating in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
Check Out Our Latest Report on Hang Lung Properties
Hang Lung Properties Stock Performance
Hang Lung Properties Company Profile
Hang Lung Properties Limited is a Hong Kong-based property developer, owner and manager with a portfolio spanning Hong Kong and mainland China. The company develops and operates premium commercial properties, including shopping malls, office buildings and hotels, as well as residential projects.
Its Hong Kong portfolio includes major properties such as Plaza 66, an upscale retail and office complex in Central, and other residential and commercial developments. In mainland China, Hang Lung Properties operates projects in several major cities, including Shanghai, Shenyang, Jinan, Wuhan, Wuxi, Kunming and Hangzhou.
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