Studio City Ih (NYSE:MSC) Trading Up 13.4% – Time to Buy?

Studio City Ih (NYSE:MSC)’s share price was up 13.4% during trading on Wednesday . The company traded as high as $3.00 and last traded at $3.5850. Approximately 2,081 shares changed hands during trading, a decline of 44% from the average daily volume of 3,739 shares. The stock had previously closed at $3.16.

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 has an average rating of “Sell”.

Studio City Ih Stock Down 3.1%

The company has a debt-to-equity ratio of 3.45, a current ratio of 0.76 and a quick ratio of 0.71. The business has a fifty day moving average price of $3.74 and a two-hundred day moving average price of $4.03. The firm has a market capitalization of $602.66 million, a price-to-earnings ratio of -8.60 and a beta of -0.13.

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

Studio City Ih Company Profile

Studio City International Holdings Limited (NYSE: MSC) is a Cayman Islands–incorporated company that develops, owns and operates the Studio City integrated resort on the Cotai Strip in Macau. The business is principally engaged in gaming and non-gaming operations, including hotel accommodations, retail concessions, food and beverage outlets, live entertainment and themed attractions. Studio City is designed to cater to both mass-market and premium gaming customers while also appealing to family and leisure travelers through its entertainment and retail offerings.

The centerpiece of the company’s portfolio is the Studio City resort, which opened in October 2015 and features two landmark hotel towers, more than 1,600 guest rooms and suites, over 160,000 square feet of retail space, a range of dining concepts and convention facilities.