Sino Land (OTCMKTS:SNLAY) Shares Gap Up - Should You Buy?

Key Points

• Shares of Sino Land (OTCMKTS:SNLAY) gapped up to $8.21 from $7.842 (about a 4.7% rise) but traded on very light volume of 239 shares.
• Goldman Sachs upgraded the stock from "strong sell" to "buy," and MarketBeat shows an average analyst rating of "Buy."
• Sino Land is a Hong Kong–based property developer whose ADR trades as SNLAY, and the stock is trading above its 50‑day ($7.79) and 200‑day ($7.19) moving averages.

Shares of Sino Land Co. (OTCMKTS:SNLAY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $7.8420, but opened at $8.21. Sino Land shares last traded at $8.21, with a volume of 239 shares trading hands.

Wall Street Analyst Weigh In

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 research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Sino Land has an average rating of "Buy".

Sino Land Stock Up 4.7%

The company has a 50 day moving average of $7.79 and a 200 day moving average of $7.19.

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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