Sino Land (OTCMKTS:SNLAY) Trading Down 5.4% - Should You Sell?

Key Points

• Down 5.4% to $7.52: Sino Land's ADR fell to $7.52 in mid-day trading with only about 193 shares changing hands, a roughly 94% drop from its average daily volume of 3,111.
• Analyst upgrade to Buy: Goldman Sachs upgraded the stock from a "strong sell" to a "buy," and MarketBeat shows a consensus rating of "Buy."
• Mixed technicals: The ADR is trading near its 50-day moving average ($7.77) and above its 200-day moving average ($7.13), indicating short-term weakness but longer-term support.

Sino Land Co. (OTCMKTS:SNLAY - Get Free Report) was down 5.4% during mid-day trading on Tuesday . The company traded as low as $7.52 and last traded at $7.52. Approximately 193 shares were traded during trading, a decline of 94% from the average daily volume of 3,111 shares. The stock had previously closed at $7.95.

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 research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Sino Land Price Performance

The company's fifty day moving average is $7.77 and its two-hundred day moving average is $7.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.