Studio City Ih (NYSE:MSC) Shares Gap Up – Time to Buy?

Studio City Ih (NYSE:MSC) gapped up before the market opened on Wednesday . The stock had previously closed at $2.18, but opened at $2.40. Studio City Ih shares last traded at $2.7050, with a volume of 34,238 shares trading hands.

Studio City Ih Price Performance

The stock has a 50 day simple moving average of $2.53 and a two-hundred day simple moving average of $2.97. The firm has a market cap of $567.89 million, a PE ratio of -12.25 and a beta of 0.09. 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 announced its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share (EPS) for the quarter. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.90%. The firm had revenue of $176.72 million for the quarter.

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.