Hang Lung Group Ltd. (OTCMKTS:HNLGY – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $7.8019 and last traded at $7.8019, with a volume of 1067 shares trading hands. The stock had previously closed at $8.51.
Hang Lung Group Stock Down 8.3%
The company has a 50-day simple moving average of $8.46 and a two-hundred day simple moving average of $9.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.62 and a quick ratio of 0.62.
About Hang Lung Group
Hang Lung Group is a Hong Kong–based property developer with a strategic focus on the investment, development and management of commercial real estate in Mainland China. The company’s portfolio encompasses large?scale retail malls, premium office towers and mixed?use complexes located primarily in major urban centres. Through an integrated approach to property development and asset management, Hang Lung Group aims to create landmark destinations that combine innovative design, high?quality construction and curated tenant mixes.
Established in 1960, Hang Lung Group has grown from a local developer into one of the region’s leading real estate enterprises serving key Chinese markets.
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