Studio City Ih (NYSE:MSC) Shares Down 14.1% – Here’s What Happened

Studio City Ih (NYSE:MSC) traded down 14.1% during mid-day trading on Monday . The stock traded as low as $0.8402 and last traded at $0.8501. 64,063 shares traded hands during mid-day trading, an increase of 217% from the average session volume of 20,199 shares. The stock had previously closed at $0.99.

Studio City Ih Price Performance

The business has a 50-day simple moving average of $1.69 and a 200 day simple moving average of $2.17. The firm has a market cap of $168.37 million, a P/E ratio of -2.85 and a beta of 0.14. The company has a debt-to-equity ratio of 3.70, a quick ratio of 0.72 and a current ratio of 0.76.

Studio City Ih (NYSE:MSC) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.34. Studio City Ih had a negative return on equity of 9.26% and a negative net margin of 7.79%.The firm had revenue of $164.56 million for the quarter, compared to analyst estimates of $190.12 million. During the same period last year, the company earned ($0.02) EPS.

Studio City Ih Company Profile

Studio City International Holdings Limited (NYSE: MSC) is a holding company focused on the development and operation of Studio City, an integrated resort in Cotai, Macau. The company is majority-owned by Melco Resorts & Entertainment Limited.

Studio City is designed around a film and entertainment theme and offers casino gaming, hotel accommodations, restaurants, retail outlets and leisure attractions. Its entertainment offerings have included family-oriented attractions, live performances and other recreational experiences, positioning the resort as a destination for both gaming and tourism.

The company serves visitors to Macau, a major gaming and tourism market in China, as well as customers from across Asia and other international markets.