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 $7.86 and last traded at $7.86, with a volume of 530 shares trading hands. The stock had previously closed at $9.34.
Hang Lung Group Price Performance
The business has a 50-day moving average of $8.70 and a 200-day moving average of $9.86. 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 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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