Hongkong Land (LON:HKLD) Shares Up 12.3% – Here’s What Happened

Hongkong Land Holdings Limited (LON:HKLD)’s share price traded up 12.3% during mid-day trading on Thursday . The company traded as high as GBX 8.32 and last traded at GBX 8.32. Approximately 4,500 shares were traded during mid-day trading, a decline of 73% from the average session volume of 16,685 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Stock Up 12.3%

The company has a quick ratio of 0.65, a current ratio of 1.70 and a debt-to-equity ratio of 20.55. The stock has a 50-day moving average of GBX 7.48 and a 200-day moving average of GBX 7.90. The company has a market cap of £177.90 million, a PE ratio of 0.08, a P/E/G ratio of 2.50 and a beta of 0.52.

Hongkong Land Company Profile

Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta. The company also develops and sells residential properties.