Henderson Land Development (OTCMKTS:HLDCY) Sets New 1-Year High – Here’s Why

Shares of Henderson Land Development Co. (OTCMKTS:HLDCY) hit a new 52-week high during trading on Tuesday . The company traded as high as $4.38 and last traded at $4.29, with a volume of 7637 shares changing hands. The stock had previously closed at $4.29.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

Henderson Land Development Stock Performance

The business’s 50 day simple moving average is $3.88 and its 200 day simple moving average is $3.67.

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.