Studio City Ih (NYSE:MSC) Shares Down 7.7% – What’s Next?

Shares of Studio City Ih (NYSE:MSC) dropped 7.7% during trading on Friday . The company traded as low as $3.53 and last traded at $3.5550. Approximately 102 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 11,840 shares. The stock had previously closed at $3.85.

Analyst Ratings Changes

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

Studio City Ih Price Performance

The company has a debt-to-equity ratio of 3.45, a current ratio of 0.76 and a quick ratio of 0.71. The business’s 50-day moving average price is $3.59 and its two-hundred day moving average price is $4.04. The firm has a market cap of $728.04 million, a price-to-earnings ratio of -10.16 and a beta of -0.09.

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

About Studio City Ih

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.