Sino Land (OTCMKTS:SNLAY) Sets New 1-Year High – Here’s What Happened

Sino Land Co. (OTCMKTS:SNLAY) shares reached a new 52-week high on Wednesday . The stock traded as high as $8.4510 and last traded at $8.30, with a volume of 27275 shares traded. The stock had previously closed at $8.0150.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded Sino Land from a “strong sell” rating to a “buy” rating in a report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Sino Land currently has a consensus rating of “Buy”.

Sino Land Stock Up 3.6%

The company has a 50-day simple moving average of $7.38 and a 200 day simple moving average of $6.79.

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.