Henderson Land Development (OTCMKTS:HLDCY) Cut to Sell at Zacks Investment Research

Henderson Land Development (OTCMKTS:HLDCYGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Wednesday, Zacks.com reports.

According to Zacks, “HENDERSON LAND DEVELOPMENT COMPANY LIMITED is an investment holding company and its core business comprises investment holding, property development, property investment and related businesses including project management, construction, property management, financial services and hotel operation. The Company focuses primarily on the Hong Kong market, but is also active in Mainland China where it has been steadily expanding its investments and scale of operations in recent years. Henderson Land holds a listed subsidiary – Henderson Investment Limited. Henderson Land also has three associated companies and one affiliated company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the SEHK). These associated companies and the affiliated company are: The Hong Kong and China Gas Company Limited, Hong Kong Ferry (Holdings) Company Limited, Miramar Hotel and Investment Company, Limited and Towngas China Company Limited. “

A number of other equities analysts have also commented on the stock. The Goldman Sachs Group lowered shares of Henderson Land Development from a “neutral” rating to a “sell” rating in a report on Thursday, February 10th. JPMorgan Chase & Co. lowered shares of Henderson Land Development from a “neutral” rating to an “underweight” rating in a report on Tuesday, January 4th.

Shares of OTCMKTS:HLDCY opened at $3.92 on Wednesday. The company’s fifty day moving average price is $4.13 and its 200-day moving average price is $4.27. Henderson Land Development has a one year low of $3.68 and a one year high of $5.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.04 and a quick ratio of 2.04.

About Henderson Land Development (Get Rating)

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Department Stores and Supermarket-Cum-Stores Operations, Other Businesses, and Utility and Energy segments.

Further Reading

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