Shangri-La Asia (OTCMKTS:SHALY) Sets New 1-Year Low – What’s Next?

Shangri-La Asia Ltd. (OTCMKTS:SHALYGet Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $10.0810 and last traded at $10.0810, with a volume of 1062 shares changing hands. The stock had previously closed at $11.3170.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Shangri-La Asia to a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Get Our Latest Stock Report on SHALY

Shangri-La Asia Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 1.86 and a quick ratio of 1.84. The stock’s fifty day moving average is $10.48 and its 200 day moving average is $11.13.

About Shangri-La Asia

(Get Free Report)

Shangri-La Asia Limited is a Hong Kong–based hospitality group principally engaged in the development, ownership and operation of luxury hotels, resorts and serviced apartments. The company’s flagship brand, Shangri-La Hotels and Resorts, encompasses properties that feature high-end accommodations, specialty dining venues, spa and wellness facilities, and meeting and event spaces tailored for both leisure and business travelers. In addition to its core Shangri-La portfolio, the company manages a range of complementary brands, including Kerry Hotels, Hotel Jen and Traders Hotels, each designed to address distinct market segments within the hotel industry.

Since its establishment in 1971 by entrepreneur Robert Kuok, Shangri-La Asia has expanded its footprint across more than 20 countries and territories.

Further Reading

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