Hang Lung Properties (OTCMKTS:HLPPY – Get Free Report) was upgraded by stock analysts at Zacks Research to a “hold” rating in a research report issued on Thursday,Zacks.com reports.
Hang Lung Properties Stock Performance
Shares of HLPPY opened at $4.63 on Thursday. The business’s 50 day moving average is $4.71 and its 200 day moving average is $5.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.60 and a quick ratio of 0.60. Hang Lung Properties has a 12-month low of $4.26 and a 12-month high of $6.52.
About Hang Lung Properties
Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.
Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.
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