Shares of Hongkong Land Holdings Limited (LON:HKLD – Get Free Report) shot up 14.4% during trading on Wednesday. The stock traded as high as GBX 8.47 and last traded at GBX 8.47. 557,000 shares traded hands during trading, an increase of 3,238% from the average daily volume of 16,685 shares. The stock had previously closed at GBX 7.41.
Hongkong Land Stock Performance
The stock has a 50 day moving average price of GBX 8.33 and a two-hundred day moving average price of GBX 8.04. The company has a debt-to-equity ratio of 20.55, a current ratio of 1.70 and a quick ratio of 0.65. The company has a market capitalization of £181.20 million, a price-to-earnings ratio of 0.08, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52.
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.
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