China Overseas Land & Investment (OTCMKTS:CAOVY) Hits New 12-Month Low – What’s Next?

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) hit a new 52-week low during trading on Wednesday . The stock traded as low as $7.12 and last traded at $7.3824, with a volume of 10429 shares trading hands. The stock had previously closed at $7.6250.

China Overseas Land & Investment Price Performance

The stock has a 50-day moving average of $8.84 and a two-hundred day moving average of $8.71.

About China Overseas Land & Investment

China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.

The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.