Henderson Land Development (OTCMKTS:HLDCY) Sees Large Volume Increase – Should You Buy?

Henderson Land Development Co. (OTCMKTS:HLDCY) saw unusually-high trading volume on Wednesday . Approximately 71,892 shares were traded during trading, an increase of 473% from the previous session’s volume of 12,545 shares.The stock last traded at $4.34 and had previously closed at $4.4540.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised Henderson Land Development from a “sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Henderson Land Development Price Performance

The business’s 50-day moving average price is $3.90 and its 200-day moving average price is $3.68.

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.