Hongkong Land (OTCMKTS:HNGKY) Shares Gap Down – Time to Sell?

Hongkong Land Holdings Ltd. (OTCMKTS:HNGKYGet Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $30.40, but opened at $29.2990. Hongkong Land shares last traded at $29.27, with a volume of 5,569 shares traded.

Hongkong Land Price Performance

The firm has a 50-day moving average of $31.96 and a two-hundred day moving average of $29.94.

Hongkong Land Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, October 22nd. Shareholders of record on Monday, August 25th were issued a $0.24 dividend. The ex-dividend date was Friday, August 22nd. This represents a yield of 328.0%.

About Hongkong Land

(Get Free Report)

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.

Further Reading

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