Studio City Ih (NYSE:MSC) Shares Down 6% – What’s Next?
by Jessica Moore · The Cerbat GemStudio City Ih (NYSE:MSC – Get Free Report) dropped 6% during trading on Friday . The company traded as low as $2.60 and last traded at $2.50. Approximately 566 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 5,819 shares. The stock had previously closed at $2.66.
Analyst Ratings Changes
Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Studio City Ih in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.
Get Our Latest Stock Analysis on MSC
Studio City Ih Trading Up 9.2%
The stock’s fifty day moving average price is $2.84 and its 200 day moving average price is $3.34. The company has a debt-to-equity ratio of 3.53, a current ratio of 0.73 and a quick ratio of 0.68. The stock has a market capitalization of $575.27 million, a P/E ratio of -8.83 and a beta of 0.07.
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.