Hongkong Land (LON:HKLD) Stock Jumps 8.8% – Here’s Why

Hongkong Land Holdings Limited (LON:HKLD) shares rose 8.8% during mid-day trading on Thursday. The company traded as high as GBX 8.06 and last traded at GBX 8.06. Approximately 32,600 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 16,685 shares. The stock had previously closed at GBX 7.41.

Hongkong Land Stock Up 8.8%

The business has a 50 day simple moving average of GBX 8.35 and a 200 day simple moving average of GBX 7.90. 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 stock has a market cap of £172.34 million, a PE ratio of 0.08, a P/E/G ratio of 2.50 and a beta of 0.52.

About Hongkong Land

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.