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

Shares of Sino Land Co. (OTCMKTS:SNLAY) gapped up before the market opened on Tuesday. The stock had previously closed at $6.16, but opened at $7.35. Sino Land shares last traded at $7.35, with a volume of 304 shares trading hands.

Wall Street Analyst Weigh In

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

Sino Land Stock Up 19.3%

The company’s fifty day moving average is $6.69 and its two-hundred day moving average is $7.20.

Sino Land Company Profile

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.