Studio City Ih (NYSE:MSC) Shares Gap Down - Here's What Happened

Key Points

• Gapped down: Studio City Ih opened at $2.60 after closing at $2.79, last trading at $2.735 with only 478 shares changing hands, signaling a sharp morning drop on thin volume.
• Analyst sentiment: Weiss Ratings reiterated a "sell (D-)" and MarketBeat shows a consensus rating of Sell (one analyst covering the stock).
• Financials: The company shows high leverage and weak liquidity with a debt-to-equity of 3.53, quick ratio 0.68 and current ratio 0.73, a negative P/E (-8.87) and a market cap of about $579.5M.

Studio City Ih (NYSE:MSC - Get Free Report)'s share price gapped down before the market opened 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 trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, Studio City Ih has a consensus rating of "Sell".

Studio City Ih Trading Down 2.1%

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

About Studio City Ih

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.

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