Hongkong Land Holdings Limited (LON:HKLD - Get Free Report) traded down 43% during mid-day trading on Thursday . The company traded as low as GBX 4.22 ($0.06) and last traded at GBX 4.22 ($0.06). 400 shares were traded during trading, a decline of 96% from the average session volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.10).
Hongkong Land Stock Performance
The firm has a market capitalization of £93.26 million, a price-to-earnings ratio of -16.23, a price-to-earnings-growth ratio of 2.50 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 1.70 and a debt-to-equity ratio of 20.55. The company has a 50-day moving average price of GBX 6.74.
Hongkong Land Increases Dividend
The firm also recently declared a dividend, which will be paid on Wednesday, May 14th. Investors of record on Thursday, March 20th will be issued a $0.17 dividend. This represents a yield of 2.29%. This is an increase from Hongkong Land's previous dividend of $0.06. The ex-dividend date is Thursday, March 20th. Hongkong Land's dividend payout ratio is -8,461.54%.
Insiders Place Their Bets
In other news, insider Michael Smith bought 356,900 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was purchased at an average cost of GBX 319 ($4.24) per share, with a total value of £1,138,511 ($1,514,178.75). 53.40% of the stock is owned by corporate insiders.
About Hongkong Land
(
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Hongkong Land Holdings Limited, together with its subsidiaries, engages in the investment, development, and management of properties in Hong Kong, Macau, Mainland China, Southeast Asia, and internationally. The company operates in two segments, Investment Properties and Development Properties. It owns and manages approximately 850,000 square meters of office and luxury retail assets primarily in Hong Kong, Singapore, Beijing, and Jakarta.
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