Hongkong Land (LON:HKLD) Stock Price Down 11.3% – Should You Sell?

Hongkong Land Holdings Limited (LON:HKLD) shares dropped 11.3% on Monday . The company traded as low as GBX 6.57 and last traded at GBX 6.57. Approximately 2,200 shares were traded during trading, a decline of 78% from the average daily volume of 10,225 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Stock Performance

The business’s 50 day simple moving average is GBX 6.33 and its two-hundred day simple moving average is GBX 6.11. The company has a current ratio of 1.70, a quick ratio of 0.65 and a debt-to-equity ratio of 20.55. The firm has a market capitalization of £142.12 million, a PE ratio of -0.44, 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.