Studio City Ih (NYSE:MSC) Issues Quarterly Earnings Results

Studio City Ih (NYSE:MSC) released its quarterly earnings results on Thursday. The company reported ($0.10) EPS for the quarter, Zacks reports. Studio City Ih had a negative return on equity of 10.36% and a negative net margin of 10.13%.

Studio City Ih Stock Down 5.7%

Shares of Studio City Ih stock traded down $0.23 on Friday, reaching $3.84. 3,897 shares of the company were exchanged, compared to its average volume of 13,048. The stock’s 50 day moving average price is $4.12 and its 200-day moving average price is $3.90. The company has a debt-to-equity ratio of 3.62, a current ratio of 0.96 and a quick ratio of 0.92. Studio City Ih has a 1-year low of $2.30 and a 1-year high of $7.24. The company has a market cap of $809.15 million, a P/E ratio of -10.97 and a beta of -0.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Studio City Ih in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Studio City Ih has an average rating of “Sell”.

Studio City Ih Company Profile

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.