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Studio City Ih (NYSE:MSC) Sees Large Volume Increase - What's Next?

Studio City Ih logo with Consumer Discretionary background

Key Points

  • Studio City Ih (NYSE:MSC) experienced a significant trading volume increase of 248%, with 32,165 shares traded, despite the stock declining 2.9% to a last price of $4.37.
  • One Wall Street analyst has issued a "sell" rating for Studio City Ih, which currently holds an average rating of "Sell", according to MarketBeat data.
  • The company operates an entertainment resort in Macau, featuring a casino and various non-gaming attractions, contributing to its market cap of $921.06 million.
  • MarketBeat previews the top five stocks to own by November 1st.

Studio City Ih (NYSE:MSC - Get Free Report) saw strong trading volume on Thursday . 32,165 shares traded hands during mid-day trading, an increase of 248% from the previous session's volume of 9,239 shares.The stock last traded at $4.37 and had previously closed at $4.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Studio City Ih in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of "Sell".

Get Our Latest Report on MSC

Studio City Ih Trading Down 2.9%

The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 3.62. The company has a market cap of $921.06 million, a PE ratio of -12.49 and a beta of -0.14. The stock has a 50 day moving average price of $4.30 and a 200 day moving average price of $3.83.

About Studio City Ih

(Get Free Report)

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.

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