Studio City Ih (NYSE:MSC) Posts Quarterly Earnings Results

Studio City Ih (NYSE:MSC) posted its earnings results on Thursday. The company reported ($0.10) earnings per share for the quarter, Zacks reports. Studio City Ih had a negative return on equity of 10.36% and a negative net margin of 10.13%.

Studio City Ih Stock Performance

Shares of Studio City Ih stock traded down $0.23 on Friday, hitting $3.84. The stock had a trading volume of 3,897 shares, compared to its average volume of 13,048. The stock has a market cap of $809.15 million, a price-to-earnings ratio of -10.97 and a beta of -0.17. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 3.62. Studio City Ih has a 52-week low of $2.30 and a 52-week high of $7.24. The company’s 50 day moving average price is $4.12 and its 200 day moving average price is $3.90.

Analysts Set New Price Targets

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

Studio City Ih Company Profile

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.