Sino Land (OTCMKTS:SNLAY) Shares Gap Up – Here’s Why

Shares of Sino Land Co. (OTCMKTS:SNLAY) gapped up prior to trading on Monday. The stock had previously closed at $7.01, but opened at $7.4160. Sino Land shares last traded at $6.3440, with a volume of 928 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Sino Land to a “hold” rating in a report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Sino Land Stock Performance

The business has a 50-day moving average price of $6.69 and a 200-day moving average price of $7.17.

About Sino Land

Sino Land Company Limited is a Hong Kong-based property developer and investment company and the flagship real estate business of Sino Group. The company develops, owns and manages residential, commercial, retail and industrial properties, as well as office buildings, shopping centers and car parks.

In addition to property development and investment, Sino Land has interests in hotel ownership and operations, property management, club management and related services. Its hotel portfolio includes properties operated under the group’s own brands and other international hospitality brands.

The company’s activities are primarily focused on Hong Kong, with additional business interests in mainland China and Singapore.