Henderson Land Development (OTCMKTS:HLDCY) Sees Strong Trading Volume – Time to Buy?

Henderson Land Development Co. (OTCMKTS:HLDCY) saw unusually-strong trading volume on Monday . Approximately 31,660 shares were traded during trading, an increase of 82% from the previous session’s volume of 17,364 shares.The stock last traded at $4.0788 and had previously closed at $3.94.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Henderson Land Development from a “sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Strong Buy”.

Henderson Land Development Stock Up 6.5%

The business has a 50 day moving average price of $3.96 and a two-hundred day moving average price of $3.85.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.