Studio City Ih (NYSE:MSC) Trading 5.2% Higher – Here’s Why

Studio City Ih (NYSE:MSC) traded up 5.2% during trading on Monday . The company traded as high as $3.50 and last traded at $3.45. 1,065 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 12,399 shares. The stock had previously closed at $3.28.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Studio City Ih in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Studio City Ih Stock Up 5.2%

The stock has a fifty day moving average price of $3.99 and a two-hundred day moving average price of $3.98. The company has a debt-to-equity ratio of 3.62, a quick ratio of 0.92 and a current ratio of 0.96. The firm has a market capitalization of $726.97 million, a P/E ratio of -9.86 and a beta of -0.17.

Studio City Ih (NYSE:MSC) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter. Studio City Ih had a negative net margin of 10.13% and a negative return on equity of 10.36%.

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.