Henderson Land Development (OTCMKTS:HLDCY) Reaches New 12-Month High – Here’s Why

Henderson Land Development Co. (OTCMKTS:HLDCY) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $4.20 and last traded at $4.16, with a volume of 7623 shares changing hands. The stock had previously closed at $4.14.

Analyst Upgrades and Downgrades

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

Henderson Land Development Stock Up 0.2%

The firm’s 50-day moving average price is $3.84 and its 200 day moving average price is $3.65.

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.