Sino Land (OTCMKTS:SNLAY) Shares Gap Up – Still a Buy?

Sino Land Co. (OTCMKTS:SNLAY)’s share price gapped up before the market opened on Thursday. The stock had previously closed at $6.64, but opened at $7.40. Sino Land shares last traded at $6.8150, with a volume of 985 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sino Land to a “hold” rating in a 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 company. Based on data from MarketBeat.com, Sino Land has a consensus rating of “Moderate Buy”.

Sino Land Trading Down 3.9%

The company’s 50-day moving average price is $6.75 and its 200-day moving average price is $7.30.

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.