Hongkong Land (LON:HKLD) Stock Price Down 42.4% – Time to Sell?

Shares of Hongkong Land Holdings Limited (LON:HKLD) traded down 42.4% on Friday . The company traded as low as GBX 4.27 ($0.05) and last traded at GBX 4.27 ($0.05). 14,500 shares traded hands during mid-day trading, an increase of 42% from the average session volume of 10,225 shares. The stock had previously closed at GBX 7.41 ($0.09).

Hongkong Land Stock Performance

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 stock has a 50 day simple moving average of GBX 7.22 and a two-hundred day simple moving average of GBX 7.35. The stock has a market capitalization of £94.37 million, a P/E ratio of -16.42, a P/E/G ratio of 2.50 and a beta of 0.52.

About Hongkong Land

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.