Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report)’s share price reached a new 52-week low during trading on Thursday. The company traded as low as $4.00 and last traded at $4.00, with a volume of 8,683 shares changing hands. The stock had previously closed at $4.1050.
Analyst Upgrades and Downgrades
Separately, Zacks Research raised shares of Hang Lung Properties to a “hold” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, Hang Lung Properties currently has a consensus rating of “Hold”.
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Hang Lung Properties Stock Down 0.1%
Hang Lung Properties Company Profile
Hang Lung Properties Limited is a Hong Kong-based property developer, owner and manager with a portfolio spanning Hong Kong and mainland China. The company develops and operates premium commercial properties, including shopping malls, office buildings and hotels, as well as residential projects.
Its Hong Kong portfolio includes major properties such as Plaza 66, an upscale retail and office complex in Central, and other residential and commercial developments. In mainland China, Hang Lung Properties operates projects in several major cities, including Shanghai, Shenyang, Jinan, Wuhan, Wuxi, Kunming and Hangzhou.
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