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

Studio City Ih (NYSE:MSC)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $3.65, but opened at $3.51. Studio City Ih shares last traded at $3.4050, with a volume of 112 shares changing hands.

Analyst Upgrades and Downgrades

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

Studio City Ih Stock 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 firm has a market cap of $769.11 million, a P/E ratio of -9.76 and a beta of -0.09. The stock’s 50 day moving average is $3.45 and its two-hundred day moving average is $4.05.

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

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.