China Overseas Land & Investment (OTCMKTS:CAOVY – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks reports.
China Overseas Land & Investment Stock Up 4.5%
Shares of OTCMKTS CAOVY opened at $8.35 on Monday. China Overseas Land & Investment has a 12 month low of $7.03 and a 12 month high of $11.40. The firm’s 50 day simple moving average is $8.30 and its 200-day simple moving average is $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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