Studio City Ih (NYSE:MSC) Shares Up 8.3% – Here’s Why

Studio City Ih (NYSE:MSC) traded up 8.3% on Tuesday . The company traded as high as $3.90 and last traded at $3.7350. 924 shares traded hands during trading, a decline of 92% from the average session volume of 11,828 shares. The stock had previously closed at $3.45.

Analyst Upgrades and Downgrades

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

Studio City Ih Stock Performance

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 company has a market cap of $774.40 million, a PE ratio of -10.81 and a beta of -0.13. The business has a fifty day simple moving average of $3.64 and a two-hundred day simple moving average of $4.04.

Studio City Ih (NYSE:MSC) last announced its quarterly earnings results 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%.

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.