Henderson Land Development (OTCMKTS:HLDCY) Shares Cross Above 50 Day Moving Average – What’s Next?

Henderson Land Development Co. (OTCMKTS:HLDCY) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $3.94 and traded as high as $4.09. Henderson Land Development shares last traded at $4.09, with a volume of 37,896 shares changing hands.

Wall Street Analyst Weigh In

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

Henderson Land Development Trading Down 1.7%

The company’s 50-day moving average is $3.94 and its two-hundred day moving average is $3.90.

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.