Sands China (OTCMKTS:SCHYY) Shares Gap Up – Time to Buy?

Sands China Ltd. (OTCMKTS:SCHYY) shares gapped up prior to trading on Monday . The stock had previously closed at $16.8290, but opened at $17.5445. Sands China shares last traded at $16.8461, with a volume of 76,845 shares traded.

Wall Street Analyst Weigh In

SCHYY has been the subject of a number of recent analyst reports. Morgan Stanley cut shares of Sands China from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 22nd. Zacks Research upgraded Sands China from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Sands China Stock Performance

The company has a debt-to-equity ratio of 4.44, a quick ratio of 0.84 and a current ratio of 0.85. The firm’s fifty day simple moving average is $18.41 and its 200 day simple moving average is $21.15.

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.