Sino Land (OTCMKTS:SNLAY) Hits New 1-Year High - Time to Buy?

Key Points

• Sino Land hit a new 52-week high of $8.78, trading up about 9.4% from the prior close of $8.0250 on relatively light volume (1,012 shares).
• Goldman Sachs upgraded the stock from "strong sell" to "buy" on Feb. 18, and MarketBeat shows a consensus rating of "Buy."
• Technicals show a short-term uptrend with the 50-day simple moving average at $7.79 above the 200-day SMA of $7.28, indicating recent positive momentum.

Sino Land Co. (OTCMKTS:SNLAY - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $8.78 and last traded at $8.78, with a volume of 1012 shares trading hands. The stock had previously closed at $8.0250.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Sino Land from a "strong sell" rating to a "buy" rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy".

Sino Land Stock Up 9.4%

The firm's fifty day simple moving average is $7.79 and its two-hundred day simple moving average is $7.28.

Sino Land Company Profile

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.

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