Henderson Land Development (NASDAQ:HLDCY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “HENDERSON LAND DEVELOPMENT COMPANY LIMITED is an investment holding company and its core business comprises investment holding, property development, property investment and related businesses including project management, construction, property management, financial services and hotel operation. The Company focuses primarily on the Hong Kong market, but is also active in Mainland China where it has been steadily expanding its investments and scale of operations in recent years. Henderson Land holds a listed subsidiary – Henderson Investment Limited. Henderson Land also has three associated companies and one affiliated company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the SEHK). These associated companies and the affiliated company are: The Hong Kong and China Gas Company Limited, Hong Kong Ferry (Holdings) Company Limited, Miramar Hotel and Investment Company, Limited and Towngas China Company Limited. “

Henderson Land Development (HLDCY) traded down 1.36% during trading on Monday, reaching $6.53. The company had a trading volume of 645 shares. The firm has a market capitalization of $26.13 billion and a P/E ratio of 7.43. Henderson Land Development has a 52 week low of $4.65 and a 52 week high of $7.19. The stock has a 50 day moving average price of $6.69 and a 200 day moving average price of $6.18.

COPYRIGHT VIOLATION NOTICE: This report was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/10/23/henderson-land-development-hldcy-cut-to-hold-at-zacks-investment-research-2.html.

About Henderson Land Development

Henderson Land Development Company Limited is a Hong Kong-based investment holding company principally engaged in property businesses. The Company operates through six segments. Property Development segment is engaged in the development and sales of properties. Property Rental segment is engaged in the leasing of properties.

Get a free copy of the Zacks research report on Henderson Land Development (HLDCY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Henderson Land Development Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Henderson Land Development and related companies with MarketBeat.com's FREE daily email newsletter.