Sino Land (OTCMKTS:SNLAY) Shares Up 17.7% – Here’s Why

Sino Land Co. (OTCMKTS:SNLAY) shot up 17.7% during mid-day trading on Wednesday. The stock traded as high as $7.2610 and last traded at $7.2610. Approximately 364 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 5,146 shares. The stock had previously closed at $6.17.

Analyst Ratings Changes

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

Sino Land Trading Up 0.1%

The company has a fifty day moving average price of $6.69 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.