Studio City Ih (NYSE:MSC) Sees Large Volume Increase – Here’s What Happened

Shares of Studio City Ih (NYSE:MSCGet Free Report) saw unusually-strong trading volume on Monday . Approximately 4,067 shares changed hands during mid-day trading, an increase of 4% from the previous session’s volume of 3,896 shares.The stock last traded at $3.3490 and had previously closed at $3.25.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Studio City Ih in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Studio City Ih currently has an average rating of “Sell”.

Read Our Latest Stock Report on Studio City Ih

Studio City Ih Stock Up 4.9%

The company’s 50-day moving average is $3.43 and its 200 day moving average is $4.03. The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.71 and a current ratio of 0.76. The company has a market capitalization of $682.72 million, a PE ratio of -10.00 and a beta of -0.09.

Studio City Ih (NYSE:MSCGet Free Report) 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

(Get Free Report)

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.

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