Studio City Ih (NYSE:MSC) Shares Up 5.7% – Here’s What Happened

Shares of Studio City Ih (NYSE:MSC) shot up 5.7% on Wednesday . The company traded as high as $3.08 and last traded at $3.16. 464 shares were traded during trading, a decline of 96% from the average session volume of 11,954 shares. The stock had previously closed at $2.99.

Wall Street Analysts Forecast Growth

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

Studio City Ih Stock Performance

The stock’s 50-day moving average price is $3.81 and its 200-day moving average price is $4.01. The company has a market cap of $655.55 million, a P/E ratio of -9.15 and a beta of -0.13. The company has a debt-to-equity ratio of 3.45, a current ratio of 0.76 and a quick ratio of 0.71.

Studio City Ih (NYSE:MSC) last released 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%.

Studio City Ih Company Profile

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.