Sands China Ltd. (OTCMKTS:SCHYY – Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as $17.31 and last traded at $17.4650, with a volume of 18705 shares traded. The stock had previously closed at $17.77.
Wall Street Analyst Weigh In
Separately, Morgan Stanley downgraded shares of Sands China from an “overweight” rating to an “equal weight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
View Our Latest Research Report on Sands China
Sands China Stock Down 2.3%
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.
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