Sino Land (OTCMKTS:SNLAY) Shares Gap Up – Should You Buy?

Sino Land Co. (OTCMKTS:SNLAY) shares gapped up before the market opened on Monday. The stock had previously closed at $6.66, but opened at $7.12. Sino Land shares last traded at $7.12, with a volume of 255 shares trading hands.

Wall Street Analysts Forecast Growth

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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Sino Land Stock Up 1.0%

The business’s 50 day moving average price is $6.74 and its 200-day moving average price is $7.23.

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.