Hang Lung Properties Ltd. (OTCMKTS:HLPPY – Get Free Report) gapped down before the market opened on Wednesday. The stock had previously closed at $4.35, but opened at $4.11. Hang Lung Properties shares last traded at $4.15, with a volume of 2,912 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research upgraded Hang Lung Properties to a “hold” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, Hang Lung Properties presently has an average rating of “Hold”.
Get Our Latest Analysis on HLPPY
Hang Lung Properties Price Performance
The stock’s 50-day moving average price is $4.16 and its 200-day moving average price is $5.03.
Hang Lung Properties Company Profile
Hang Lung Properties is a Hong Kong-based property developer and investor. Founded in 1960, the company develops, owns and manages commercial and residential properties. Its portfolio includes shopping malls, offices and other retail and commercial spaces, as well as residential developments. The company serves customers and tenants in Hong Kong and mainland China, with mainland operations in several major cities. Hang Lung Properties also provides property management and related services for its developments.
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