Sino Land (OTCMKTS:SNLAY) Reaches New 12-Month High – Still a Buy?

Sino Land Co. (OTCMKTS:SNLAY)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $8.30 and last traded at $8.30, with a volume of 1647 shares changing hands. The stock had previously closed at $8.1250.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group upgraded Sino Land from a “strong sell” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

Sino Land Stock Performance

The firm has a 50 day simple moving average of $7.26 and a 200-day simple moving average of $6.72.

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.