Sands China (OTCMKTS:SCHYY) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Sands China Ltd. (OTCMKTS:SCHYY) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.51 and traded as low as $24.9075. Sands China shares last traded at $24.9550, with a volume of 7,963 shares changing hands.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Sands China from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sands China currently has an average rating of “Hold”.

Sands China Stock Down 2.2%

The company has a quick ratio of 0.61, a current ratio of 0.63 and a debt-to-equity ratio of 5.55. The business has a fifty day simple moving average of $26.29 and a 200-day simple moving average of $25.51.

Sands China Company Profile

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.