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

Sino Land Co. (OTCMKTS:SNLAYGet Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $6.80, but opened at $6.50. Sino Land shares last traded at $6.50, with a volume of 28,205 shares trading hands.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on Sino Land

Sino Land Stock Up 5.9%

The firm has a 50 day moving average of $6.80 and a two-hundred day moving average of $7.34.

About Sino Land

(Get Free Report)

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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