China Overseas Land & Investment Limited (OTCMKTS:CAOVY – Get Free Report)’s share price gapped down before the market opened on Friday. The stock had previously closed at $8.04, but opened at $7.72. China Overseas Land & Investment shares last traded at $7.75, with a volume of 1,478 shares.
Wall Street Analyst Weigh In
Separately, Zacks Research cut shares of China Overseas Land & Investment from a “hold” rating to a “strong sell” rating in a report on Monday, October 26th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.
View Our Latest Analysis on CAOVY
China Overseas Land & Investment Stock Down 3.6%
The firm’s 50 day simple moving average is $8.14 and its 200 day simple moving average is $8.63.
About China Overseas Land & Investment
China Overseas Land & Investment Limited is a property developer and investor headquartered in Hong Kong. Established in 1979, the company is part of China State Construction Engineering Corporation, a state-owned construction and engineering group. The company develops and invests in residential and commercial properties, including office and retail projects, and provides property management services. Its developments are located primarily in mainland China and Hong Kong, with operations also extending to Macau.
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