Shares of Hongkong Land Holdings Limited (LON:HKLD – Get Free Report) shot up 10.7% during trading on Thursday . The company traded as high as GBX 8.20 and last traded at GBX 8.20. Approximately 53,700 shares traded hands during mid-day trading, an increase of 222% from the average session volume of 16,685 shares. The stock had previously closed at GBX 7.41.
Hongkong Land Stock Performance
The company has a current ratio of 1.70, a quick ratio of 0.65 and a debt-to-equity ratio of 20.55. The firm has a market capitalization of £175.34 million, a PE ratio of 0.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The business’s 50 day simple moving average is GBX 7.81 and its two-hundred day simple moving average is GBX 7.89.
About Hongkong Land
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.
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