Studio City Ih (NYSE:MSC) Sees Large Volume Increase – Still a Buy?

Shares of Studio City Ih (NYSE:MSC) saw unusually-high trading volume on Wednesday . Approximately 3,268 shares were traded during trading, an increase of 284% from the previous session’s volume of 851 shares.The stock last traded at $3.4550 and had previously closed at $3.40.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed 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, the stock currently has an average rating of “Sell”.

Studio City Ih Trading Down 1.6%

The stock has a fifty day simple moving average of $3.51 and a 200 day simple moving average of $4.08. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 3.45. The firm has a market capitalization of $741.72 million, a P/E ratio of -9.84 and a beta of -0.09.

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

About Studio City Ih

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.