Hongkong Land (LON:HKLD) Shares Down 39% – Here’s What Happened

Hongkong Land Holdings Limited (LON:HKLD)’s share price dropped 39% during trading on Friday . The stock traded as low as GBX 4.52 ($0.06) and last traded at GBX 4.52 ($0.06). Approximately 300 shares changed hands during trading, a decline of 97% from the average daily volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.09).

Hongkong Land Stock Performance

The company has a 50 day moving average of GBX 7.16 and a 200 day moving average of GBX 7.33. The firm has a market cap of £99.89 million, a price-to-earnings ratio of -17.38, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 0.65 and a debt-to-equity ratio of 20.55.

Hongkong Land Company Profile

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.