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Studio City Ih (NYSE:MSC) Sees Unusually-High Trading Volume - What's Next?

Studio City Ih logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • Unusually-high trading activity: 6,051 shares traded Thursday (up 6% from the prior session); the stock last traded at $2.8040, remaining below both its 50‑day ($2.94) and 200‑day ($3.44) moving averages.
  • Analyst sentiment is negative: Weiss Ratings reiterated a "Sell (D-)" and MarketBeat shows the stock's average rating as "Sell."
  • Financials indicate stress: market cap about $591M, negative P/E (-9.05), low liquidity (current ratio 0.73, quick ratio 0.68) and high leverage (debt‑to‑equity 3.53).
  • MarketBeat previews the top five stocks to own by June 1st.

Studio City Ih (NYSE:MSC - Get Free Report) shares saw strong trading volume on Thursday . 6,051 shares changed hands during trading, an increase of 6% from the previous session's volume of 5,725 shares.The stock last traded at $2.8040 and had previously closed at $2.76.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Studio City Ih in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of "Sell".

Get Our Latest Report on MSC

Studio City Ih Stock Performance

The stock's 50-day simple moving average is $2.94 and its 200-day simple moving average is $3.44. The stock has a market cap of $591.07 million, a price-to-earnings ratio of -9.05 and a beta of 0.07. The company has a current ratio of 0.73, a quick ratio of 0.68 and a debt-to-equity ratio of 3.53.

Studio City Ih Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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