Sino Land (OTCMKTS:SNLAY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Sino Land Co. (OTCMKTS:SNLAY) saw strong trading volume on Thursday. Approximately 23,206 shares traded 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 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Sino Land Trading Down 2.3%

The firm’s fifty day simple moving average is $6.74 and its 200-day simple moving average is $7.23.

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.