Shangri-La Asia (OTCMKTS:SHALY) Shares Down 0.7% – Time to Sell?

Shangri-La Asia Ltd. (OTCMKTS:SHALY) was down 0.7% during trading on Friday. The stock traded as low as $10.3230 and last traded at $10.3230. 298 shares traded hands during mid-day trading, an increase of 2,275% from the average daily volume of 13 shares. The stock had previously closed at $10.40.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded Shangri-La Asia to a “neutral” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Shangri-La Asia Price Performance

The company’s 50-day moving average price is $10.09 and its 200 day moving average price is $10.89. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.01 and a quick ratio of 1.99.

About Shangri-La Asia

Shangri-La Asia Limited is a Hong Kong-based hospitality company that owns, operates and manages hotels and resorts under the Shangri-La Hotels and Resorts brand. Its properties serve business and leisure travelers and typically include guest accommodations, restaurants, meeting and event facilities, spas, and other related amenities.

The company’s portfolio has also included other hospitality brands, such as Kerry Hotels, JEN by Shangri-La and Traders Hotels, as well as a range of luxury urban hotels and destination resorts.