Sands China (OTCMKTS:SCHYY) Reaches New 52-Week Low – Here’s What Happened

Sands China Ltd. (OTCMKTS:SCHYY)’s share price hit a new 52-week low during mid-day trading on Wednesday. The company 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.

Wall Street Analysts Forecast Growth

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

Sands China Price Performance

The stock has a 50-day simple moving average of $17.25 and a 200-day simple moving average of $18.71.

Sands China Company Profile

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.