Hongkong Land (LON:HKLD) Trading 13.4% Higher – Time to Buy?

Hongkong Land Holdings Limited (LON:HKLD) was up 13.4% during trading on Friday . The stock traded as high as GBX 8.40 and last traded at GBX 8.40. Approximately 9,800 shares traded hands during mid-day trading, an increase of 12% from the average daily volume of 8,777 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Trading Up 13.4%

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 £180.85 million, a price-to-earnings ratio of -0.56, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The business has a fifty day moving average price of GBX 8.24 and a 200 day moving average price of GBX 7.06.

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.