Sino Land (OTCMKTS:SNLAY) Stock Jumps 6% – Still a Buy?

Sino Land Co. (OTCMKTS:SNLAY)’s stock price rose 6% during trading on Friday. The stock traded as high as $6.35 and last traded at $6.35. Approximately 474 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 5,149 shares. The stock had previously closed at $5.99.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Sino Land Stock Performance

The stock has a 50 day simple moving average of $6.80 and a 200-day simple moving average of $7.29.

About Sino Land

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.