Studio City Ih (NYSE:MSC) Stock Price Up 8.5% – Should You Buy?

Studio City Ih (NYSE:MSC)’s stock price shot up 8.5% during mid-day trading on Monday . The company traded as high as $1.8480 and last traded at $1.78. Approximately 3,976 shares were traded during trading, a decline of 2% from the average session volume of 4,058 shares. The stock had previously closed at $1.64.

Studio City Ih Stock Up 8.5%

The stock has a market cap of $375.08 million, a price-to-earnings ratio of -8.09 and a beta of 0.13. The business’s 50 day moving average is $2.12 and its 200-day moving average is $2.68. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.21 and a current ratio of 0.23.

Studio City Ih (NYSE:MSC) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $0.00 earnings per share 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%.

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.