Studio City Ih (NYSE:MSC) Shares Up 8.5% – Should You Buy?

Shares of Studio City Ih (NYSE:MSC) shot up 8.5% during mid-day trading on Monday . The stock traded as high as $1.8480 and last traded at $1.78. 3,976 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 4,058 shares. The stock had previously closed at $1.64.

Studio City Ih Stock Up 8.5%

The company has a market capitalization of $375.08 million, a PE ratio of -8.09 and a beta of 0.13. The company has a current ratio of 0.23, a quick ratio of 0.21 and a debt-to-equity ratio of 3.03. The business has a fifty day moving average of $2.12 and a 200 day moving average of $2.68.

Studio City Ih (NYSE:MSC) last issued its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share (EPS) for the quarter. The company 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.