Sino Land (OTCMKTS:SNLAY) Shares Climb 8% – Still a Buy?

Sino Land Co. (OTCMKTS:SNLAY)’s stock price shot up 8% during mid-day trading on Tuesday. The company traded as high as $7.03 and last traded at $7.03. 3,141 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 5,205 shares. The stock had previously closed at $6.51.

Analysts Set New Price Targets

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

Sino Land Stock Performance

The business’s 50 day simple moving average is $6.72 and its 200 day simple moving average is $7.22.

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.