Sands China (OTCMKTS:SCHYY) Sets New 1-Year Low – What’s Next?

Sands China Ltd. (OTCMKTS:SCHYY)’s stock price hit a new 52-week low during mid-day trading on Tuesday. The company traded as low as $13.56 and last traded at $14.06, with a volume of 163,289 shares traded. The stock had previously closed at $14.67.

Wall Street Analysts Forecast Growth

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

Sands China Trading Down 1.4%

The business has a 50-day moving average price of $16.73 and a two-hundred day moving average price of $18.42.

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.