Hang Lung Properties (OTCMKTS:HLPPY) Hits New 52-Week High – Should You Buy?

Hang Lung Properties Ltd. (OTCMKTS:HLPPYGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $214,748.3647 and last traded at $214,748.3647, with a volume of 428345 shares. The stock had previously closed at $5.90.

Hang Lung Properties Price Performance

The stock has a 50-day moving average of $5.74 and a two-hundred day moving average of $5.43.

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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