Sands China (OTCMKTS:SCHYY) Sets New 52-Week Low – Here’s Why

Sands China Ltd. (OTCMKTS:SCHYY) shares hit a new 52-week low during trading on Wednesday. The stock traded as low as $14.34 and last traded at $14.34, with a volume of 1560 shares trading hands. The stock had previously closed at $14.88.

Analyst Ratings Changes

SCHYY has been the subject of several recent analyst reports. Morgan Stanley cut Sands China from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 22nd. Zacks Research upgraded Sands China from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Sands China Stock Down 1.4%

The business’s 50 day moving average price is $17.05 and its two-hundred day moving average price is $18.61.

About Sands China

Sands China Ltd. is an integrated resort developer and operator based in Macau. The company is a subsidiary of Las Vegas Sands Corp. and focuses on providing a broad range of leisure, entertainment and business services, with gaming as one component of its resort offerings.

Its portfolio includes The Venetian Macao, The Parisian Macao, The Londoner Macao, The Plaza Macao and Four Seasons Hotel Macao, as well as Sands Macao. These properties offer casino gaming, hotel accommodations, convention and exhibition facilities, retail shopping, restaurants, entertainment venues and other tourism-related services.

Sands China has played a major role in the development of Macau’s Cotai district, where several of its large-scale integrated resorts are located.