Hongkong Land (LON:HKLD) Trading Down 39% – What’s Next?

Hongkong Land Holdings Limited (LON:HKLD)’s share price dropped 39% during mid-day trading on Friday . The company traded as low as GBX 4.52 ($0.06) and last traded at GBX 4.52 ($0.06). Approximately 300 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.09).

Hongkong Land Stock Performance

The company’s 50-day moving average is GBX 7.16 and its 200-day moving average is GBX 7.33. The company has a debt-to-equity ratio of 20.55, a quick ratio of 0.65 and a current ratio of 1.70. The firm has a market cap of £99.89 million, a price-to-earnings ratio of -17.38, a P/E/G ratio of 2.50 and a beta of 0.52.

About Hongkong Land

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.