Hang Lung Properties (OTCMKTS:HLPPY) Shares Gap Down – What’s Next?

Hang Lung Properties Ltd. (OTCMKTS:HLPPY) gapped down before the market opened on Tuesday . The stock had previously closed at $5.90, but opened at $5.67. Hang Lung Properties shares last traded at $5.67, with a volume of 231 shares traded.

Hang Lung Properties Trading Down 3.9%

The firm has a fifty day moving average price of $5.73 and a 200-day moving average price of $5.42.

Hang Lung Properties Company Profile

Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.