Studio City Ih (NYSE:MSC) Shares Down 11.5% – Here’s What Happened

Studio City Ih (NYSE:MSC)’s share price dropped 11.5% during mid-day trading on Tuesday . The stock traded as low as $3.30 and last traded at $3.07. Approximately 6,703 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 11,938 shares. The stock had previously closed at $3.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Studio City Ih in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Studio City Ih presently has a consensus rating of “Sell”.

Studio City Ih Price Performance

The company has a market cap of $638.48 million, a price-to-earnings ratio of -8.91 and a beta of -0.13. The company’s 50-day simple moving average is $3.88 and its 200-day simple moving average is $4.02. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.76 and a quick ratio of 0.71.

Studio City Ih (NYSE:MSC) last posted its earnings results on Thursday, November 6th. The company reported ($0.10) EPS for the quarter. Studio City Ih had a negative return on equity of 10.34% and a negative net margin of 9.66%.

About Studio City Ih

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.