China Overseas Land & Investment (OTCMKTS:CAOVY) Hits New 12-Month High – Time to Buy?

China Overseas Land & Investment Limited (OTCMKTS:CAOVY) shares reached a new 52-week high during trading on Friday . The stock traded as high as $10.43 and last traded at $10.43, with a volume of 291 shares traded. The stock had previously closed at $9.78.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded China Overseas Land & Investment to a “hold” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

China Overseas Land & Investment Stock Performance

The stock’s 50 day simple moving average is $8.18 and its 200-day simple moving average is $8.48.

About China Overseas Land & Investment

China Overseas Land & Investment (OTCMKTS: CAOVY) is a Hong Kong–based real estate developer and property investor with origins dating back to 1979. The company is a core subsidiary of China State Construction Engineering Corporation (CSCEC), one of the world’s largest construction and engineering conglomerates. Since its initial public offering on the Hong Kong Stock Exchange in the early 1990s, China Overseas Land & Investment has expanded its footprint to become one of the leading real estate groups in Greater China.

The company’s primary activities encompass residential and commercial property development, property investment, hotel operations and property management services.