Sino Land (OTCMKTS:SNLAY) Shares Gap Down – Here’s Why

Sino Land Co. (OTCMKTS:SNLAY)’s stock price gapped down before the market opened on Thursday. The stock had previously closed at $7.00, but opened at $6.53. Sino Land shares last traded at $6.53, with a volume of 390 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sino Land to a “hold” rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Sino Land Stock Down 2.9%

The company has a 50 day moving average price of $6.69 and a two-hundred day moving average price of $7.17.

Sino Land Company Profile

Sino Land Company Limited is a Hong Kong-based property developer and investment company and the flagship real estate business of Sino Group. The company develops, owns and manages residential, commercial, retail and industrial properties, as well as office buildings, shopping centers and car parks.

In addition to property development and investment, Sino Land has interests in hotel ownership and operations, property management, club management and related services. Its hotel portfolio includes properties operated under the group’s own brands and other international hospitality brands.

The company’s activities are primarily focused on Hong Kong, with additional business interests in mainland China and Singapore.