Sino Land (OTCMKTS:SNLAY) Sees Large Volume Increase – Still a Buy?

Shares of Sino Land Co. (OTCMKTS:SNLAY) saw unusually-high trading volume on Thursday . Approximately 8,005 shares were traded during mid-day trading, an increase of 148% from the previous session’s volume of 3,222 shares.The stock last traded at $7.45 and had previously closed at $7.7650.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded Sino Land from a “strong sell” rating to a “buy” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Sino Land currently has an average rating of “Buy”.

Sino Land Price Performance

The firm’s 50 day moving average price is $7.72 and its 200-day moving average price is $7.05.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.