Shangri-La Asia (OTCMKTS:SHALY) Trading Up 1.8%

Shangri-La Asia Limited (OTCMKTS:SHALYGet Rating)’s stock price was up 1.8% during mid-day trading on Tuesday . The company traded as high as $12.68 and last traded at $12.68. Approximately 2,163 shares were traded during mid-day trading, an increase of 199% from the average daily volume of 724 shares. The stock had previously closed at $12.46.

Analyst Upgrades and Downgrades

Separately, Daiwa Capital Markets raised Shangri-La Asia from a “hold” rating to an “outperform” rating in a research note on Monday, September 26th.

Shangri-La Asia Stock Up 1.8 %

The company has a 50-day moving average price of $14.91 and a 200-day moving average price of $15.46. The company has a current ratio of 0.87, a quick ratio of 0.85 and a debt-to-equity ratio of 0.89.

About Shangri-La Asia

(Get Rating)

Shangri-La Asia Limited, an investment holding company, develops, owns/leases, operates, and manages hotels and associated properties worldwide. It operates through four segments: Hotel Properties, Hotel Management and Related Services, Investment Properties, and Property Development for Sale. The company develops, owns, and operates office and commercial properties, and serviced apartments/residences; and operates restaurants and amusement parks.

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