Zacks Research cut shares of China Overseas Land & Investment (OTCMKTS:CAOVY – Free Report) from a hold rating to a strong sell rating in a research report report published on Monday morning,Zacks reports.
China Overseas Land & Investment Stock Up 4.5%
CAOVY opened at $8.35 on Monday. China Overseas Land & Investment has a twelve month low of $7.03 and a twelve month high of $11.40. The company has a fifty day simple moving average of $8.30 and a 200 day simple moving average of $8.66.
About China Overseas Land & Investment
China Overseas Land & Investment Limited is a Hong Kong-based property company and a subsidiary of China State Construction Engineering Corporation. Established in 1979, the company has developed into a large real estate group with operations primarily in mainland China and Hong Kong, as well as selected international markets.
The company’s main activities include residential and commercial property development, property investment, and the management and operation of real estate assets.
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