Howard Hughes (NYSEARCA:HHH) Shares Down 5.7% – Here’s Why

Howard Hughes Holdings Inc. (NYSEARCA:HHHGet Free Report) dropped 5.7% during mid-day trading on Thursday . The stock traded as low as $70.20 and last traded at $70.58. Approximately 294,889 shares changed hands during trading, a decline of 33% from the average daily volume of 441,025 shares. The stock had previously closed at $74.81.

Howard Hughes Stock Down 4.5 %

The firm has a market cap of $3.38 billion, a P/E ratio of 27.97 and a beta of 1.47. The business has a fifty day moving average of $75.07 and a 200 day moving average of $77.41. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.39.

About Howard Hughes

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Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.

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