Henderson Land Development (OTCMKTS:HLDCY) Sets New 52-Week High – What’s Next?

Henderson Land Development Co. (OTCMKTS:HLDCY)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.20 and last traded at $4.16, with a volume of 7623 shares changing hands. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat.com, Henderson Land Development has an average rating of “Strong Buy”.

Henderson Land Development Price Performance

The company’s 50-day simple moving average is $3.84 and its 200-day simple moving average is $3.65.

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.