STUDIO CITY IH (NYSE:MSC - Get Free Report)'s stock price dropped 8% during trading on Thursday . The company traded as low as $4.57 and last traded at $4.60. Approximately 1,204 shares changed hands during trading, a decline of 87% from the average daily volume of 9,437 shares. The stock had previously closed at $5.00.
STUDIO CITY IH Price Performance
The firm has a market capitalization of $977.74 million, a P/E ratio of -9.28 and a beta of -0.13. The company has a debt-to-equity ratio of 3.45, a current ratio of 1.01 and a quick ratio of 0.95. The company's 50 day moving average price is $3.61 and its 200 day moving average price is $3.65.
STUDIO CITY IH (NYSE:MSC - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $161.72 million for the quarter. STUDIO CITY IH had a negative return on equity of 14.77% and a negative net margin of 15.56%.
Institutional Investors Weigh In On STUDIO CITY IH
An institutional investor recently bought a new position in STUDIO CITY IH stock. Invesco Ltd. bought a new stake in STUDIO CITY IH (NYSE:MSC - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 25,000 shares of the company's stock, valued at approximately $141,000.
About STUDIO CITY IH
(
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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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