China Overseas Land & Investment (OTCMKTS:CAOVY) Shares Gap Up - Should You Buy?

Key Points

• Pre-market gap: CAOVY stock gapped up from $7.15 to an open of $7.8238 and last traded at $7.5350, representing about a 0.7% increase on very light volume (906 shares).
• Below key moving averages: The shares remain under the 50-day and 200-day moving averages (about $8.54 and $8.58), and the company is a Hong Kong-based real estate developer that is a core subsidiary of China State Construction Engineering Corporation (CSCEC).

China Overseas Land & Investment Limited (OTCMKTS:CAOVY - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $7.15, but opened at $7.8238. China Overseas Land & Investment shares last traded at $7.5350, with a volume of 906 shares.

China Overseas Land & Investment Stock Up 0.7%

The firm has a 50 day moving average price of $8.54 and a 200-day moving average price of $8.58.

China Overseas Land & Investment Company Profile

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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