Zacks Research upgraded shares of Hang Lung Properties (OTCMKTS:HLPPY – Free Report) to a hold rating in a research report released on Thursday morning,Zacks.com reports.
Hang Lung Properties Price Performance
OTCMKTS:HLPPY opened at $4.63 on Thursday. The stock has a fifty day moving average price of $4.71 and a 200-day moving average price of $5.44. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.34. Hang Lung Properties has a fifty-two week low of $4.26 and a fifty-two week high of $6.52.
About Hang Lung Properties
Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.
Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.
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