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Hongkong Land (OTCMKTS:HNGKY) Shares Cross Above 50-Day Moving Average - Here's What Happened

Hongkong Land logo with Finance background

Hongkong Land Holdings Limited (OTCMKTS:HNGKY - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $18.91 and traded as high as $20.20. Hongkong Land shares last traded at $19.90, with a volume of 135,926 shares changing hands.

Hongkong Land Price Performance

The company has a fifty day simple moving average of $18.97 and a 200-day simple moving average of $17.28.

Hongkong Land Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Friday, August 23rd will be issued a dividend of $0.264 per share. The ex-dividend date of this dividend is Friday, August 23rd.

About Hongkong Land

(Get Free Report)

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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