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

Studio City Ih (NYSE:MSC) shares gapped up prior to trading on Friday . The stock had previously closed at $2.95, but opened at $3.50. Studio City Ih shares last traded at $3.4450, with a volume of 6,235 shares.

Analyst Upgrades and Downgrades

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

Studio City Ih Price Performance

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 market capitalization of $651.12 million, a price-to-earnings ratio of -9.09 and a beta of -0.13. The business’s 50 day simple moving average is $3.69 and its 200-day simple moving average is $4.02.

Studio City Ih (NYSE:MSC) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter. Studio City Ih had a negative net margin of 9.66% and a negative return on equity of 10.34%.

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.