Studio City Ih (NYSE:MSC) Director Purchases 1,043,600 Shares of Company Stock

Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho bought 1,043,600 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was purchased at an average cost of $0.20 per share, for a total transaction of $208,720.00. Following the acquisition, the director owned 463,391,904 shares of the company’s stock, valued at approximately $92,678,380.80. This represents a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Studio City Ih Price Performance

Shares of NYSE:MSC opened at $0.81 on Friday. Studio City Ih has a 52 week low of $0.75 and a 52 week high of $4.91. The company has a 50-day moving average price of $1.65 and a 200 day moving average price of $2.14. The company has a market cap of $169.63 million, a P/E ratio of -2.87 and a beta of 0.14. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 3.70.

Studio City Ih (NYSE:MSC) last issued its earnings results on Thursday, August 13th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.34. Studio City Ih had a negative return on equity of 9.26% and a negative net margin of 7.79%.The business had revenue of $164.56 million during the quarter, compared to the consensus estimate of $190.12 million. During the same period in the prior year, the business posted ($0.02) EPS.

About Studio City Ih

Studio City International Holdings Limited (NYSE: MSC) is a holding company focused on the development and operation of Studio City, an integrated resort in Cotai, Macau. The company is majority-owned by Melco Resorts & Entertainment Limited.

Studio City is designed around a film and entertainment theme and offers casino gaming, hotel accommodations, restaurants, retail outlets and leisure attractions. Its entertainment offerings have included family-oriented attractions, live performances and other recreational experiences, positioning the resort as a destination for both gaming and tourism.

The company serves visitors to Macau, a major gaming and tourism market in China, as well as customers from across Asia and other international markets.