Sino Land (OTCMKTS:SNLAY) Sees Unusually-High Trading Volume – Still a Buy?

Sino Land Co. (OTCMKTS:SNLAY) saw an uptick in trading volume on Friday . 20,664 shares changed hands during trading, an increase of 659% from the previous session’s volume of 2,723 shares.The stock last traded at $8.0950 and had previously closed at $8.10.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group raised shares of Sino Land from a “strong sell” rating to a “buy” rating in a research note on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Sino Land Stock Down 0.1%

The stock’s 50 day simple moving average is $7.87 and its 200 day simple moving average is $7.45.

About Sino Land

Sino Land Company Limited is a Hong Kong–based property developer and a core member of the privately held Sino Group, which was founded in 1971. The company is publicly listed on the Hong Kong Stock Exchange, and its American Depositary Receipt trades on the OTC market under the symbol SNLAY. Over several decades, Sino Land has established itself as one of the city’s leading real estate firms, leveraging the resources and development experience of its parent group.

The company’s primary activities encompass property development, investment and asset management across a diverse portfolio of residential, office, retail and industrial projects.