Henderson Land Development (OTCMKTS:HLDCY) Reaches New 12-Month High – Time to Buy?

Shares of Henderson Land Development Co. (OTCMKTS:HLDCYGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as $3.96 and last traded at $3.9330, with a volume of 26509 shares. The stock had previously closed at $3.78.

Henderson Land Development Stock Up 4.0%

The stock has a 50 day simple moving average of $3.72 and a 200 day simple moving average of $3.55.

About Henderson Land Development

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Henderson Land Development (OTCMKTS: HLDCY) is a Hong Kong-based property developer and investment company with a long track record in the real estate sector. Founded in 1976 by Lee Shau-kee, the company’s core activities center on the development, sale and leasing of residential, commercial and retail properties. Its business model combines land acquisition and development with the ongoing management of investment properties to generate recurring rental income alongside project sales.

The company undertakes a range of property-related services, including property development, property investment, construction coordination and property management.

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