Sands China (OTCMKTS:SCHYY) Shares Gap Up – What’s Next?
by Renee Jackson · The Cerbat GemSands China Ltd. (OTCMKTS:SCHYY – Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $21.73, but opened at $22.72. Sands China shares last traded at $22.90, with a volume of 13,336 shares trading hands.
Analysts Set New Price Targets
Several analysts have weighed in on the company. Zacks Research downgraded Sands China from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. Hsbc Global Res upgraded shares of Sands China from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 15th. Finally, HSBC upgraded shares of Sands China to a “buy” rating in a research report on Thursday, January 15th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on SCHYY
Sands China Stock Performance
The business’s fifty day moving average is $25.41 and its 200 day moving average is $25.66. The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.55.
About Sands China
Sands China Ltd is a Macau-based developer and operator of integrated resorts and casino properties. As a subsidiary of Las Vegas Sands Corp., the company focuses on the development, ownership and operation of large-scale destination resorts that combine gaming with hotels, retail, dining, meetings and entertainment. Its portfolio includes well-known integrated resorts on the Macau Peninsula and the Cotai Strip that are designed to serve both leisure tourists and business travelers.
The company’s core activities include casino gaming operations (table games and electronic gaming), hotel management, retail mall operations, food and beverage services, and the provision of convention and exhibition facilities.