Studio City Ih (NYSE:MSC) Sees Large Volume Increase – Here’s What Happened

Studio City Ih (NYSE:MSC) shares saw an uptick in trading volume on Wednesday . 2,636 shares were traded during trading, an increase of 48% from the previous session’s volume of 1,783 shares.The stock last traded at $3.4760 and had previously closed at $3.50.

Analyst Upgrades and Downgrades

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, the company currently has a consensus rating of “Sell”.

Studio City Ih Price 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 company’s 50 day moving average is $3.97 and its 200 day moving average is $3.99. The stock has a market cap of $732.25 million, a price-to-earnings ratio of -10.22 and a beta of -0.13.

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

About Studio City Ih

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.