Hang Lung Properties (OTCMKTS:HLPPY) Sees Strong Trading Volume – Time to Buy?

Hang Lung Properties Ltd. (OTCMKTS:HLPPYGet Free Report) shares saw strong trading volume on Wednesday . 5,098 shares changed hands during trading, an increase of 101% from the previous session’s volume of 2,533 shares.The stock last traded at $6.03 and had previously closed at $5.9150.

Hang Lung Properties Price Performance

The company’s 50-day moving average is $5.78 and its two-hundred day moving average is $5.51.

About Hang Lung Properties

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Hang Lung Properties is a Hong Kong–based real estate developer specializing in the investment, development and management of premium commercial and residential properties. With a primary focus on Grade A office towers, high-end shopping malls and upscale residential complexes, the company has established a reputation for delivering landmark projects that emphasize architectural quality and tenant experience.

Founded in the late 20th century as a spin-off from Hang Lung Group, Hang Lung Properties listed on the Hong Kong Stock Exchange in the early 1990s and soon thereafter embarked on an expansion into Mainland China.

Further Reading

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