Henderson Land Development (OTCMKTS:HLDCY) Reaches New 52-Week High – Still a Buy?

Shares of Henderson Land Development Co. (OTCMKTS:HLDCY) reached a new 52-week high during trading on Tuesday . The stock 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.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised Henderson Land Development from a “sell” rating to a “buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Henderson Land Development Stock Performance

The business has a 50 day moving average of $3.91 and a two-hundred day moving average of $3.69.

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.