Zacks Research lowered shares of Sands China (OTCMKTS:SCHYY – Free Report) from a hold rating to a strong sell rating in a research note released on Tuesday morning,Zacks reports.
Sands China Stock Down 2.1%
Shares of SCHYY opened at $13.61 on Tuesday. The company has a current ratio of 0.61, a quick ratio of 0.59 and a debt-to-equity ratio of 4.40. Sands China has a 52 week low of $13.45 and a 52 week high of $28.12. The stock has a fifty day moving average of $15.92 and a 200-day moving average of $19.37.
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.
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