Studio City Ih (NYSE:MSC) Shares Gap Up – What’s Next?

Studio City Ih (NYSE:MSC) shares gapped up prior to trading on Monday . The stock had previously closed at $2.64, but opened at $2.79. Studio City Ih shares last traded at $2.6560, with a volume of 890 shares changing hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Studio City Ih in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Studio City Ih Stock Up 0.9%

The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $561.56 million, a PE ratio of -8.60 and a beta of 0.07. The business’s 50 day simple moving average is $2.88 and its 200 day simple moving average is $3.37.

About Studio City Ih

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.