Henderson Land Development (OTCMKTS:HLDCY) Reaches New 52-Week High – Here’s What Happened

Henderson Land Development Co. (OTCMKTS:HLDCY)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $4.49 and last traded at $4.49, with a volume of 2327 shares. The stock had previously closed at $4.29.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised Henderson Land Development from a “sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy”.

Henderson Land Development Price Performance

The business’s 50-day simple moving average is $4.00 and its two-hundred day simple moving average is $3.73.

Henderson Land Development Company Profile

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.