Studio City Ih (NYSE:MSC) Trading Up 14.7% – Time to Buy?

Shares of Studio City Ih (NYSE:MSC) were up 14.7% during mid-day trading on Friday . The stock traded as high as $2.76 and last traded at $3.1660. Approximately 1,441 shares traded hands during trading, a decline of 75% from the average daily volume of 5,844 shares. The stock had previously closed at $2.76.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Studio City Ih in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Studio City Ih presently has an average rating of “Sell”.

Studio City Ih Stock Performance

The company has a market capitalization of $602.87 million, a price-to-earnings ratio of -9.23 and a beta of 0.07. The stock has a fifty day moving average price of $2.94 and a two-hundred day moving average price of $3.43. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 3.53.

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.