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

Sands China Ltd. (OTCMKTS:SCHYY) reached a new 52-week low on Monday. The stock traded as low as $13.45 and last traded at $13.45, with a volume of 155 shares trading hands. The stock had previously closed at $14.12.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Sands China from a “strong sell” rating to a “hold” rating in a research note on Friday, September 25th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Sands China has a consensus rating of “Moderate Buy”.

Sands China Trading Up 2.3%

The company has a quick ratio of 0.59, a current ratio of 0.61 and a debt-to-equity ratio of 4.40. The business has a 50 day simple moving average of $16.18 and a 200-day simple moving average of $18.06.

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 gaming, hospitality, entertainment, retail, dining and convention services in the Macau market.

Its portfolio includes The Venetian Macao, The Londoner Macao, The Parisian Macao, Sands Macao and the Plaza Macao, which includes Four Seasons Hotel Macao. These properties combine casino gaming with luxury hotels, shopping malls, restaurants, theaters, entertainment venues and meeting and exhibition facilities.

Sands China has played a significant role in the development of Macau’s Cotai area as a major integrated-resort and tourism destination.