Studio City Ih (NYSE:MSC) Shares Gap Up – Here’s Why

Studio City Ih (NYSE:MSC)’s share price gapped up prior to trading on Monday . The stock had previously closed at $3.37, but opened at $3.66. Studio City Ih shares last traded at $3.52, with a volume of 115 shares trading hands.

Analysts Set New Price Targets

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

Studio City Ih Stock Down 1.5%

The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 3.45. The stock has a market cap of $741.72 million, a price-to-earnings ratio of -9.85 and a beta of -0.09. The business’s fifty day moving average is $3.51 and its two-hundred day moving average is $4.08.

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

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.