Hang Lung Group Ltd. (OTCMKTS:HNLGY – Get Free Report)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $7.64 and last traded at $7.64, with a volume of 206 shares. The stock had previously closed at $8.05.
Hang Lung Group Price Performance
The firm has a fifty day simple moving average of $8.25 and a two-hundred day simple moving average of $9.36. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.32.
Hang Lung Group Company Profile
Hang Lung Group Limited is a Hong Kong-based holding company whose principal business is property development and investment. Through its major subsidiary, Hang Lung Properties Limited, the group develops, owns and manages a portfolio of commercial and residential properties, including shopping malls, office buildings, apartments and hotels.
The group’s property portfolio is concentrated in Hong Kong and major cities in mainland China. Its mainland operations include large-scale mixed-use developments featuring premium retail, office and residential space, while its Hong Kong portfolio includes investment properties in prominent commercial and residential locations.
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