Henderson Land Development (OTCMKTS:HLDCY) Sees Large Volume Increase – Here’s What Happened

Henderson Land Development Co. (OTCMKTS:HLDCY) saw unusually-strong trading volume on Wednesday . Approximately 180,603 shares traded hands during trading, an increase of 1,184% from the previous session’s volume of 14,061 shares.The stock last traded at $4.05 and had previously closed at $4.02.

Wall Street Analyst Weigh In

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 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, Henderson Land Development has an average rating of “Strong Buy”.

Henderson Land Development Price Performance

The firm’s 50-day moving average is $4.05 and its two-hundred day moving average is $3.76.

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.