Studio City Ih (NYSE:MSC) Trading Up 13.4% – Here’s Why

Studio City Ih (NYSE:MSC) shot up 13.4% on Wednesday . The company traded as high as $3.00 and last traded at $3.5850. 2,081 shares were traded during trading, a decline of 44% from the average session volume of 3,739 shares. The stock had previously closed at $3.16.

Analyst Upgrades and Downgrades

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

Studio City Ih Stock Down 3.1%

The company has a debt-to-equity ratio of 3.45, a quick ratio of 0.71 and a current ratio of 0.76. The stock has a 50-day moving average of $3.74 and a two-hundred day moving average of $4.03. The company has a market cap of $602.66 million, a P/E ratio of -8.60 and a beta of -0.13.

Studio City Ih (NYSE:MSC) last announced its quarterly earnings data 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%.

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.