Sands China (OTCMKTS:SCHYY) Reaches New 52-Week Low – Time to Sell?

Sands China Ltd. (OTCMKTS:SCHYY) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $16.39 and last traded at $16.39, with a volume of 52518 shares. The stock had previously closed at $16.82.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SCHYY. Zacks Research upgraded Sands China from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Morgan Stanley downgraded shares of Sands China from an “overweight” rating to an “equal weight” rating in a report on Monday, June 22nd. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Sands China Trading Down 1.5%

The firm’s 50 day simple moving average is $18.65 and its 200 day simple moving average is $21.36. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 4.44.

Sands China Company Profile

Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.

The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.