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

Sino Land Co. (OTCMKTS:SNLAY) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.0150, but opened at $8.44. Sino Land shares last traded at $8.44, with a volume of 538 shares.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of 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, the company currently has a consensus rating of “Buy”.

Sino Land Stock Up 3.6%

The stock’s fifty day simple moving average is $7.35 and its 200-day simple moving average is $6.77.

About Sino Land

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.