Hongkong Land (LON:HKLD) Stock Price Down 2.3% – Time to Sell?

Hongkong Land Holdings Limited (LON:HKLD) was down 2.3% during trading on Thursday . The stock traded as low as GBX 7.24 and last traded at GBX 7.24. Approximately 6,500 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 17,562 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Trading Down 2.3%

The firm has a 50 day simple moving average of GBX 7.83 and a 200 day simple moving average of GBX 7.76. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70. The firm has a market cap of £155.40 million, a P/E ratio of 0.13, a P/E/G ratio of 2.50 and a beta of 0.52.

About Hongkong Land

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.