Zacks Investment Research Downgrades Henderson Land Development (OTCMKTS:HLDCY) to Sell

Zacks Investment Research lowered shares of Henderson Land Development (OTCMKTS:HLDCY – Get Rating) from a hold rating to a sell rating in a research note published on Tuesday, Zacks.com reports.

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. “

Separately, The Goldman Sachs Group cut Henderson Land Development from a neutral rating to a sell rating in a research note on Thursday, February 10th.

Shares of OTCMKTS:HLDCY opened at $4.01 on Tuesday. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 0.21. Henderson Land Development has a 52-week low of $3.68 and a 52-week high of $5.05. The company has a 50 day moving average of $4.11 and a two-hundred day moving average of $4.25.

About Henderson Land Development (Get Rating)

Henderson Land Development Company Limited, an investment holding company, engages in the property development and investment activities in Hong Kong and Mainland China. The company operates through Property Development, Property Leasing, Department Stores and Supermarket-Cum-Stores Operations, Other Businesses, and Utility and Energy segments.

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