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

Sino Land Co. (OTCMKTS:SNLAY)’s share price gapped down before the market opened on Thursday. The stock had previously closed at $7.00, but opened at $6.53. Sino Land shares last traded at $6.53, with a volume of 390 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Sino Land to a “hold” rating in a research report on Thursday, September 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Sino Land presently has a consensus rating of “Moderate Buy”.

Sino Land Stock Up 0.1%

The stock has a 50 day moving average price of $6.68 and a 200 day moving average price of $7.18.

About Sino Land

Sino Land Company Limited is a Hong Kong-based property developer and investment company and the flagship real estate business of Sino Group. The company develops, owns and manages residential, commercial, retail and industrial properties, as well as office buildings, shopping centers and car parks.

In addition to property development and investment, Sino Land has interests in hotel ownership and operations, property management, club management and related services. Its hotel portfolio includes properties operated under the group’s own brands and other international hospitality brands.

The company’s activities are primarily focused on Hong Kong, with additional business interests in mainland China and Singapore.