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

Shares of Sino Land Co. (OTCMKTS:SNLAY) gapped down prior to trading on Tuesday . The stock had previously closed at $6.95, but opened at $6.57. Sino Land shares last traded at $6.57, with a volume of 14,386 shares changing hands.

Analysts Set New Price Targets

Separately, Zacks Research raised Sino Land to a “hold” rating in a research report on Thursday, September 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Sino Land has a consensus rating of “Moderate Buy”.

Sino Land Stock Performance

The business has a fifty day simple moving average of $6.78 and a 200 day simple moving average of $7.29.

About Sino Land

Sino Land Company Limited is a Hong Kong-based property developer, investor and operator. Established in 1972, the company is part of Sino Group and focuses primarily on the development and management of residential, commercial, retail and mixed-use properties.

The company’s activities include property development, investment properties, property management and hospitality. Its portfolio includes residential communities, office buildings, shopping centers and integrated developments, as well as hotels and serviced residences operated through its hospitality businesses.

Sino Land’s operations are concentrated mainly in Hong Kong, where it has developed and manages properties across major urban districts.