China Overseas Land & Investment (OTCMKTS:CAOVY) Hits New 52-Week High - Here's What Happened

Key Points

• China Overseas Land & Investment (OTCMKTS:CAOVY) hit a new 52-week high on Friday, trading as high as $10.43 before finishing at that level. The stock was previously closed at $9.78.
• The shares were up 8.9% on the session, with very light volume of just 291 shares traded.
• Zacks Research recently upgraded the stock to a “hold” rating, and MarketBeat’s average analyst rating for the company is also Hold.

China Overseas Land & Investment Limited (OTCMKTS:CAOVY - Get Free Report) shares hit a new 52-week high during trading on Friday . The stock traded as high as $10.43 and last traded at $10.43, with a volume of 291 shares traded. The stock had previously closed at $9.78.

Analysts Set New Price Targets

Separately, Zacks Research raised China Overseas Land & Investment to a "hold" rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

China Overseas Land & Investment Trading Up 8.9%

The business's fifty day simple moving average is $8.18 and its 200 day simple moving average is $8.48.

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.

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