Henderson Land Development (OTCMKTS:HLDCY) Shares Gap Up – Time to Buy?

Henderson Land Development Co. (OTCMKTS:HLDCY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $3.65, but opened at $3.9950. Henderson Land Development shares last traded at $3.87, with a volume of 4,349 shares traded.

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 investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Henderson Land Development currently has a consensus rating of “Strong Buy”.

Henderson Land Development Stock Performance

The business’s 50 day moving average price is $4.06 and its two-hundred day moving average price is $3.77.

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.