Hongkong Land (LON:HKLD) Share Price Breaks Above 200-Day Moving Average – Here’s Why

Hongkong Land Holdings Limited (LON:HKLD)’s stock price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 8.02 and traded as high as GBX 8.32. Hongkong Land shares last traded at GBX 8.32, with a volume of 1,200 shares.

Hongkong Land Price Performance

The firm has a fifty day simple moving average of GBX 8.33 and a 200 day simple moving average of GBX 8.03. The company has a market capitalization of £177.48 million, a PE ratio of 0.08, a P/E/G ratio of 2.50 and a beta of 0.52. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70.

Hongkong Land Company Profile

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.