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

Sino Land Co. (OTCMKTS:SNLAY) gapped up before the market opened on Thursday. The stock had previously closed at $6.06, but opened at $6.63. Sino Land shares last traded at $6.63, with a volume of 956 shares traded.

Wall Street Analysts Forecast Growth

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

Sino Land Stock Performance

The firm’s fifty day moving average is $6.76 and its 200 day moving average is $7.27.

About Sino Land

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.