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

Oriental Rise (NASDAQ:ORIS) was downgraded by investment analysts at Wall Street Zen to a “strong sell” rating in a report issued on Saturday.

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

Oriental Rise Stock Performance

NASDAQ:ORIS opened at $1.35 on Friday. Oriental Rise has a fifty-two week low of $1.11 and a fifty-two week high of $49.20. The company has a fifty day moving average of $2.29 and a two-hundred day moving average of $4.56.

About Oriental Rise

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.