Studio City Ih (NYSE:MSC) Director Buys $208,720.00 in Stock

Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho bought 1,043,600 shares of Studio City Ih stock in a transaction dated Wednesday, September 23rd. The stock was purchased at an average cost of $0.20 per share, with a total value of $208,720.00. Following the completion of the acquisition, the director directly owned 463,391,904 shares in the company, valued at approximately $92,678,380.80. The trade was a 0.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Studio City Ih Price Performance

Shares of NYSE MSC opened at $0.81 on Friday. The stock has a market cap of $169.63 million, a P/E ratio of -2.87 and a beta of 0.14. Studio City Ih has a twelve month low of $0.75 and a twelve month high of $4.91. The stock has a 50 day moving average of $1.65 and a two-hundred day moving average of $2.14. The company has a current ratio of 0.76, a quick ratio of 0.72 and a debt-to-equity ratio of 3.70.

Studio City Ih (NYSE:MSC) last announced its earnings results on Thursday, August 13th. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.42) by $0.34. The business had revenue of $164.56 million for the quarter, compared to analysts’ expectations of $190.12 million. Studio City Ih had a negative net margin of 7.79% and a negative return on equity of 9.26%. During the same period in the previous year, the company posted ($0.02) EPS.

About Studio City Ih

Studio City International Holdings Limited (NYSE: MSC) is a holding company focused on the development and operation of Studio City, an integrated resort in Cotai, Macau. The company is majority-owned by Melco Resorts & Entertainment Limited.

Studio City is designed around a film and entertainment theme and offers casino gaming, hotel accommodations, restaurants, retail outlets and leisure attractions. Its entertainment offerings have included family-oriented attractions, live performances and other recreational experiences, positioning the resort as a destination for both gaming and tourism.

The company serves visitors to Macau, a major gaming and tourism market in China, as well as customers from across Asia and other international markets.