Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $4.03 and last traded at $4.03, with a volume of 237 shares. The stock had previously closed at $4.19.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Hang Lung Properties to a “hold” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on Hang Lung Properties
Hang Lung Properties Stock Down 3.8%
Hang Lung Properties Company Profile
Hang Lung Properties Limited is a Hong Kong-based property developer, owner and manager. The company develops and operates a portfolio of commercial, residential, retail and hospitality properties, including shopping malls, office buildings, luxury residences and hotels.
The company serves markets in Hong Kong and mainland China. Its mainland portfolio includes major commercial developments in cities such as Shanghai, Shenyang, Jinan, Wuxi, Kunming, Wuhan, Hangzhou and Ningbo. Hang Lung Properties is known for developing large-scale mixed-use projects that combine retail, office, residential and hotel components.
Hang Lung Properties is part of the Hang Lung Group and has roots dating to the group’s establishment in Hong Kong in 1960.
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