Studio City Ih (NYSE:MSC) Shares Gap Up – Time to Buy?

Studio City Ih (NYSE:MSC) shares gapped up before the market opened on Wednesday . The stock had previously closed at $2.18, but opened at $2.40. Studio City Ih shares last traded at $2.7050, with a volume of 34,238 shares traded.

Studio City Ih Stock Up 23.6%

The stock has a market capitalization of $567.89 million, a price-to-earnings ratio of -12.25 and a beta of 0.09. The business’s 50-day moving average is $2.53 and its two-hundred day moving average is $2.97. The company has a quick ratio of 0.21, a current ratio of 0.23 and a debt-to-equity ratio of 3.03.

Studio City Ih (NYSE:MSC) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share for the quarter. The firm had revenue of $176.72 million for the quarter. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.90%.

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.