Sino Land (OTCMKTS:SNLAY) Sees Large Volume Increase - What's Next?

Key Points

• Sino Land (OTCMKTS:SNLAY) saw trading jump to 11,432 shares — a 290% increase from the prior session — and the stock traded up to $8.3590, roughly a 4.5% rise from the $8.00 close.
• Goldman Sachs upgraded the stock from "strong sell" to "buy" on Feb. 18, and MarketBeat shows a current consensus analyst rating of "Buy."
• The stock is trading above key technical levels, with the 50-day moving average at $7.79 and the 200-day moving average at $7.22, both below the current price.

Shares of Sino Land Co. (OTCMKTS:SNLAY - Get Free Report) saw strong trading volume on Friday . 11,432 shares changed hands during mid-day trading, an increase of 290% from the previous session's volume of 2,933 shares.The stock last traded at $8.3590 and had previously closed at $8.00.

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 report on Wednesday, February 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Sino Land currently has a consensus rating of "Buy".

Sino Land Trading Up 4.5%

The company has a fifty day moving average of $7.79 and a two-hundred day moving average of $7.22.

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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