Studio City Ih (NYSE:MSC) Stock Price Down 6.6% – Here’s Why

Studio City Ih (NYSE:MSC) traded down 6.6% on Tuesday . The stock traded as low as $2.59 and last traded at $2.68. 459 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 5,866 shares. The stock had previously closed at $2.87.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Studio City Ih in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Studio City Ih Stock Performance

The company has a 50-day moving average of $2.96 and a 200 day moving average of $3.45. The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 3.53. The firm has a market capitalization of $570.00 million, a PE ratio of -8.73 and a beta of 0.07.

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.