Henderson Land Development (OTCMKTS:HLDCY) Sees Unusually-High Trading Volume – Should You Buy?

Henderson Land Development Co. (OTCMKTS:HLDCY) saw an uptick in trading volume on Wednesday . 180,603 shares traded hands during trading, an increase of 1,184% from the previous session’s volume of 14,061 shares.The stock last traded at $4.05 and had previously closed at $4.02.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Henderson Land Development Stock Performance

The firm has a 50 day moving average of $4.05 and a 200-day moving average of $3.76.

About Henderson Land Development

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.