Studio City Ih (NYSE:MSC) Stock Price Down 6.2% - Here's Why

Key Points

• Studio City Ih shares tumbled 6.2% during mid-day trading to $2.44, with about 3,843 shares traded—roughly a 37% decline from its average daily volume.
• Weiss Ratings reiterated a "sell (d-)" on the stock and MarketBeat shows the stock's average analyst rating as Sell.
• The company's fundamentals look weak: liquidity ratios are below 1 (quick ratio 0.68, current ratio 0.73), debt-to-equity is high at 3.53, and it reported a negative net margin (−5.68%) and negative ROE (−6.80%).

Studio City Ih (NYSE:MSC - Get Free Report) shares dropped 6.2% during mid-day trading on Tuesday . The company traded as low as $2.60 and last traded at $2.44. Approximately 3,843 shares changed hands during trading, a decline of 37% from the average daily volume of 6,102 shares. The stock had previously closed at $2.60.

Analyst Ratings Changes

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

Studio City Ih Trading Down 4.3%

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 firm's 50 day simple moving average is $2.78 and its two-hundred day simple moving average is $3.27. The stock has a market cap of $524.47 million, a P/E ratio of -11.31 and a beta of 0.09.

Studio City Ih (NYSE:MSC - Get Free Report) last released its earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share for the quarter. Studio City Ih had a negative net margin of 5.68% and a negative return on equity of 6.80%. The firm had revenue of $176.72 million during the quarter.

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.

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