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

Studio City Ih (NYSE:MSC) shares gapped down prior to trading on Monday . The stock had previously closed at $2.79, but opened at $2.60. Studio City Ih shares last traded at $2.7350, with a volume of 478 shares.

Analyst Upgrades and Downgrades

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

Studio City Ih Stock Down 2.1%

The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 3.53. The stock has a market cap of $579.48 million, a PE ratio of -8.87 and a beta of 0.07. The business has a 50 day moving average price of $2.93 and a 200 day moving average price of $3.42.

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.