Studio City Ih (NYSE:MSC) Shares Up 8.6% – Time to Buy?

Studio City Ih (NYSE:MSC) shot up 8.6% during trading on Friday . The company traded as high as $2.53 and last traded at $2.65. Approximately 731 shares were traded during mid-day trading, a decline of 89% from the average session volume of 6,409 shares. The stock had previously closed at $2.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Studio City Ih in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Studio City Ih Trading Up 4.3%

The firm has a market capitalization of $536.28 million, a PE ratio of -11.57 and a beta of 0.09. The company’s 50-day simple moving average is $2.69 and its 200 day simple moving average is $3.17. 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 released its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 EPS for the quarter. The business had revenue of $176.72 million during the quarter. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.90%.

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.