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

Sino Land Co. (OTCMKTS:SNLAY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $7.1175, but opened at $6.58. Sino Land shares last traded at $6.58, with a volume of 162 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Sino Land to a “hold” rating in a research note 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Sino Land Stock Performance

The business’s fifty day moving average price is $6.78 and its 200 day moving average price is $7.39.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong-based property developer, investor and operator. Established in 1972, the company is part of Sino Group and focuses primarily on the development and management of residential, commercial, retail and mixed-use properties.

The company’s activities include property development, investment properties, property management and hospitality. Its portfolio includes residential communities, office buildings, shopping centers and integrated developments, as well as hotels and serviced residences operated through its hospitality businesses.

Sino Land’s operations are concentrated mainly in Hong Kong, where it has developed and manages properties across major urban districts.