Oriental Rise (NASDAQ:ORIS) Trading Down 5.8% – What’s Next?

Shares of Oriental Rise Holdings Limited (NASDAQ:ORIS) fell 5.8% on Monday . The company traded as low as $1.12 and last traded at $1.13. 61,499 shares were traded during trading, a decline of 57% from the average session volume of 142,079 shares. The stock had previously closed at $1.20.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ORIS shares. Wall Street Zen cut Oriental Rise to a “strong sell” rating in a research note on Saturday, January 3rd. Weiss Ratings reissued a “sell (d)” rating on shares of Oriental Rise in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Oriental Rise Stock Down 5.8%

The firm has a 50 day moving average price of $1.38 and a 200 day moving average price of $2.34.

Oriental Rise Company Profile

Oriental Rise Acquisition Corp. (NASDAQ: ORIS) is a special purpose acquisition company formed to raise capital through an initial public offering with the objective of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination. As a blank-check company, Oriental Rise does not conduct any operations of its own until it identifies a suitable target business for acquisition.

The company seeks to partner with businesses operating in high-growth sectors across Asia, including Greater China and Southeast Asia.