Sino Land (OTCMKTS:SNLAY) Shares Gap Up – What’s Next?

Shares of Sino Land Co. (OTCMKTS:SNLAY) gapped up prior to trading on Thursday. The stock had previously closed at $6.06, but opened at $6.63. Sino Land shares last traded at $6.63, with a volume of 956 shares trading hands.

Analysts Set New Price Targets

Separately, Zacks Research raised 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 assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Sino Land Trading Up 9.4%

The stock’s fifty day moving average price is $6.76 and its two-hundred day moving average price is $7.27.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong-based property developer and investment company. The company develops, owns and manages residential, commercial, retail and industrial properties, with activities spanning property development, investment and asset management.

Through its property portfolio and development projects, Sino Land provides residential housing, office space, shopping centers and other commercial facilities. The company is also involved in hotel ownership and operations, as well as property management and related services, including through businesses associated with the broader Sino Group.

Sino Land was established in Hong Kong in 1972 and primarily serves the Hong Kong market, while the group has also had property and hospitality interests in mainland China and other locations.