Studio City Ih (NYSE:MSC) Stock Price Down 11.5% – Should You Sell?

Studio City Ih (NYSE:MSC)’s stock price dropped 11.5% during mid-day trading on Tuesday . The company traded as low as $3.30 and last traded at $3.07. Approximately 6,703 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 11,938 shares. The stock had previously closed at $3.47.

Analyst Upgrades and Downgrades

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

Studio City Ih Stock Performance

The company has a current ratio of 0.76, a quick ratio of 0.71 and a debt-to-equity ratio of 3.45. The company has a market cap of $654.29 million, a P/E ratio of -9.13 and a beta of -0.13. The company’s fifty day moving average is $3.81 and its 200 day moving average is $4.01.

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

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.