Hongkong Land (OTCMKTS:HNGKY) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Hongkong Land Holdings Limited (OTCMKTS:HNGKYGet Free Report)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $21.73 and traded as low as $20.35. Hongkong Land shares last traded at $22.29, with a volume of 3,502 shares.

Hongkong Land Price Performance

The stock has a fifty day moving average price of $22.15 and a two-hundred day moving average price of $21.76.

Hongkong Land Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Friday, March 21st will be issued a $0.85 dividend. This is a positive change from Hongkong Land’s previous dividend of $0.26. The ex-dividend date of this dividend is Friday, March 21st.

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.

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