Studio City Ih (NYSE:MSC) Shares Gap Up – Should You Buy?

Shares of Studio City Ih (NYSE:MSC) gapped up before the market opened on Friday . The stock had previously closed at $2.95, but opened at $3.50. Studio City Ih shares last traded at $3.4450, with a volume of 6,235 shares traded.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Studio City Ih in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Studio City Ih presently has an average rating of “Sell”.

Studio City Ih Trading Up 4.7%

The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 3.45. The stock has a market cap of $651.12 million, a price-to-earnings ratio of -9.09 and a beta of -0.13. The company has a fifty day simple moving average of $3.69 and a 200-day simple moving average of $4.02.

Studio City Ih (NYSE:MSC) last released its earnings results 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.