Henderson Land Development (OTCMKTS:HLDCY) Sees Large Volume Increase – Here’s Why

Henderson Land Development Co. (OTCMKTS:HLDCY) saw an uptick in trading volume on Thursday . 98,898 shares were traded during mid-day trading, an increase of 173% from the previous session’s volume of 36,222 shares.The stock last traded at $3.7452 and had previously closed at $3.69.

Henderson Land Development Trading Up 1.3%

The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.20. The business’s 50-day simple moving average is $3.45 and its 200 day simple moving average is $3.81.

About Henderson Land Development

Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.