Sino Land Co. (OTCMKTS:SNLAY – Get Free Report)’s share price shot up 6% on Friday. The company traded as high as $6.35 and last traded at $6.35. Approximately 474 shares changed hands during trading, a decline of 91% from the average daily volume of 5,149 shares. The stock had previously closed at $5.99.
Wall Street Analyst Weigh In
Separately, Zacks Research raised Sino Land to a “hold” rating in a research note 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. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Report on SNLAY
Sino Land Trading Down 9.3%
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.
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