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

Studio City Ih (NYSE:MSC) shares gapped down before the market opened on Wednesday . The stock had previously closed at $2.55, but opened at $2.34. Studio City Ih shares last traded at $2.42, with a volume of 1,221 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Studio City Ih in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Studio City Ih Price Performance

The stock has a market capitalization of $499.40 million, a P/E ratio of -10.78 and a beta of 0.09. The company has a debt-to-equity ratio of 3.03, a current ratio of 0.23 and a quick ratio of 0.21. The company’s 50-day simple moving average is $2.67 and its 200-day simple moving average is $3.13.

Studio City Ih (NYSE:MSC) last announced its quarterly earnings data on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. The company had revenue of $176.72 million during the quarter. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.90%.

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.