Sino Land (OTCMKTS:SNLAY) Sees Strong Trading Volume – Time to Buy?

Sino Land Co. (OTCMKTS:SNLAY) saw strong trading volume on Thursday. 23,206 shares changed hands during trading, an increase of 331% from the previous session’s volume of 5,387 shares. The stock last traded at $6.60 and had previously closed at $6.66.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sino Land to a “hold” rating in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Sino Land Stock Down 0.5%

The company’s fifty day moving average price is $6.74 and its 200-day moving average price is $7.25.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong-based property developer and investment company. The company develops, owns and manages residential, commercial, retail and industrial properties, with activities spanning property development, investment and asset management.

Through its property portfolio and development projects, Sino Land provides residential housing, office space, shopping centers and other commercial facilities. The company is also involved in hotel ownership and operations, as well as property management and related services, including through businesses associated with the broader Sino Group.

Sino Land was established in Hong Kong in 1972 and primarily serves the Hong Kong market, while the group has also had property and hospitality interests in mainland China and other locations.