Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho Acquires 1,043,600 Shares of Stock

Studio City Ih (NYSE:MSC) Director Lawrence Yau Lung Ho acquired 1,043,600 shares of the stock in a transaction that occurred on Wednesday, September 23rd. The stock was acquired at an average price of $0.20 per share, with a total value of $208,720.00. Following the completion of the transaction, the director directly owned 463,391,904 shares of the company’s stock, valued at $92,678,380.80. This trade represents a 0.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Studio City Ih Price Performance

MSC stock opened at $0.85 on Friday. The business has a fifty day moving average of $1.63 and a two-hundred day moving average of $2.13. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 3.70. The stock has a market cap of $179.74 million, a price-to-earnings ratio of -3.05 and a beta of 0.14. Studio City Ih has a 52-week low of $0.75 and a 52-week high of $4.91.

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

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.