NEW YORK ( TheStreet) -- Shares of China Housing & Land Development (Nasdaq: CHLN) have taken a tremendous swing upward. The stock is trading at $2.61 as of 9:36 a.m. ET, 24.3% above Friday's closing price of $2.10. Volume is at 190,841, 1.5 times the daily average of 129,500. China Housing & Land Development has a market cap of $71.9 million and is part of the financial sector and real estate industry. Shares are down 23.4% year to date as of the close of trading on Friday. China Housing & Land Development, Inc., through its subsidiaries, engages in the acquisition, development, management, and sale of commercial and residential real estate properties primarily in the western part of China. The company has a P/E ratio of 102.5, equal to the average real estate industry P/E ratio and above the S&P 500 P/E ratio of 16.8. TheStreet Ratings rates China Housing & Land Development as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, weak operating cash flow and poor profit margins. You can view the full China Housing & Land Development Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.