Oriental Rise (NASDAQ:ORIS) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Oriental Rise (NASDAQ:ORIS) to a strong sell rating in a research note released on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Oriental Rise in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Oriental Rise Trading Down 9.4%

ORIS stock opened at $1.35 on Friday. The firm has a 50-day moving average of $2.29 and a two-hundred day moving average of $4.47. Oriental Rise has a 12 month low of $1.11 and a 12 month high of $49.20.

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.