Sino Land (OTCMKTS:SNLAY) Sets New 52-Week High – Still a Buy?

Sino Land Co. (OTCMKTS:SNLAY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $8.4510 and last traded at $8.30, with a volume of 27275 shares changing hands. The stock had previously closed at $8.0150.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Sino Land from a “strong sell” rating to a “buy” rating in a report on Wednesday, February 18th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy”.

Sino Land Stock Performance

The stock’s 50 day simple moving average is $7.38 and its two-hundred day simple moving average is $6.79.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.