Henderson Land Development (OTCMKTS:HLDCY) Shares Down 5.5% – Here’s What Happened

Henderson Land Development Co. (OTCMKTS:HLDCY)’s share price dropped 5.5% on Monday . The stock traded as low as $3.65 and last traded at $3.65. Approximately 7,781 shares traded hands during trading, a decline of 55% from the average daily volume of 17,241 shares. The stock had previously closed at $3.8610.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Henderson Land Development has an average rating of “Strong Buy”.

Henderson Land Development Stock Performance

The company has a fifty day simple moving average of $4.07 and a two-hundred day simple moving average of $3.77.

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.