Studio City Ih (NYSE:MSC) Sees Large Volume Increase - Here's Why

Key Points

• Studio City Ih (NYSE:MSC) experienced a significant trading volume increase of 140%, with 22,654 shares traded compared to 9,434 shares the previous session.
• The stock price saw a 2.0% decline, trading at $3.46 after closing at $3.53.
• Studio City operates a diversified entertainment resort in Macau, featuring a casino, various attractions, and hotel accommodations.

Shares of Studio City Ih (NYSE:MSC - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 22,654 shares changed hands during trading, an increase of 140% from the previous session's volume of 9,434 shares.The stock last traded at $3.46 and had previously closed at $3.53.

Studio City Ih Trading Down 11.0%

The firm has a market capitalization of $889.22 million, a P/E ratio of -12.06 and a beta of -0.11. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 3.62. The firm's 50-day simple moving average is $4.63 and its 200-day simple moving average is $3.73.

Studio City Ih Company Profile

Studio City International Holdings Limited operates an entertainment resort in Macau. It operates Studio City Casino, comprising gaming tables, including tables for VIP rolling chip operations and gaming machines; and resort, which offers various non-gaming attractions, including figure-8 ferris wheel, night club and karaoke venue, live performance arena, and an outdoor and indoor water park, as well as hotel rooms and various food and beverage establishments, and retail space.