Sino Land (OTCMKTS:SNLAY) Shares Gap Up - Here's Why

Key Points

• Shares gapped up pre-market — Sino Land opened at $7.64 versus the prior close of $7.20 and last traded at $7.64, a roughly 6.1% increase on light volume (397 shares).
• Goldman Sachs upgrade — Goldman Sachs raised its rating from "strong sell" to "buy" on Feb. 18, and MarketBeat shows an overall average rating of "Buy."
• Technical picture — the stock is trading near its 50‑day moving average of $7.66 while the 200‑day average is $6.92, suggesting recent strength versus the longer-term trend.

Sino Land Co. (OTCMKTS:SNLAY - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $7.20, but opened at $7.64. Sino Land shares last traded at $7.64, with a volume of 397 shares.

Analysts Set New Price Targets

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

Sino Land Stock Up 6.1%

The company's fifty day moving average is $7.66 and its two-hundred day moving average is $6.92.

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.

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