Hang Lung Properties (OTCMKTS:HLPPY) Hits New 52-Week High – Time to Buy?

Hang Lung Properties Ltd. (OTCMKTS:HLPPYGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $6.0450 and last traded at $6.0450, with a volume of 1094 shares traded. The stock had previously closed at $5.85.

Hang Lung Properties Price Performance

The company’s 50 day simple moving average is $5.77 and its two-hundred day simple moving average is $5.47.

Hang Lung Properties Company Profile

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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.

Further Reading

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