Henderson Land Development (OTCMKTS:HLDCY) Sets New 1-Year High – Still a Buy?

Henderson Land Development Co. (OTCMKTS:HLDCY)’s share price reached a new 52-week high on Thursday . The company traded as high as $4.49 and last traded at $4.49, with a volume of 2327 shares. The stock had previously closed at $4.29.

Analyst Ratings Changes

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

Henderson Land Development Trading Up 4.7%

The stock has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $3.71.

Henderson Land Development Company Profile

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.