Wall Street Zen Downgrades Oriental Rise (NASDAQ:ORIS) to Strong Sell

Oriental Rise (NASDAQ:ORIS) was downgraded by research analysts at Wall Street Zen to a “strong sell” rating in a research report issued on Saturday.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Oriental Rise in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Oriental Rise Trading Down 9.4%

Shares of Oriental Rise stock opened at $1.35 on Friday. The stock has a 50 day moving average of $2.29 and a 200 day moving average of $4.37. Oriental Rise has a fifty-two week low of $1.11 and a fifty-two week high of $49.20.

Oriental Rise Company Profile

Oriental Rise Acquisition Corp. (NASDAQ: ORIS) is a special purpose acquisition company formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check company, Oriental Rise does not conduct any operations of its own until it identifies a suitable target business for acquisition.

The company seeks to partner with businesses operating in high-growth sectors across Asia, including Greater China and Southeast Asia.