China Overseas Land & Investment (OTCMKTS:CAOVY) Shares Gap Up – Should You Buy?

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) gapped up prior to trading on Friday . The stock had previously closed at $7.08, but opened at $7.5504. China Overseas Land & Investment shares last traded at $7.41, with a volume of 821 shares trading hands.

China Overseas Land & Investment Price Performance

The company’s 50-day moving average is $8.79 and its 200-day moving average is $8.69.

About China Overseas Land & Investment

China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.

The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.