Studio City Ih (NYSE:MSC) Shares Gap Up – Here’s What Happened

Studio City Ih (NYSE:MSC)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $3.37, but opened at $3.66. Studio City Ih shares last traded at $3.52, with a volume of 115 shares changing hands.

Analyst Upgrades and Downgrades

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

Studio City Ih Price Performance

The stock has a market capitalization of $741.73 million, a price-to-earnings ratio of -10.35 and a beta of -0.09. 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 stock has a fifty day moving average of $3.52 and a 200-day moving average of $4.08.

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

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.