Studio City Ih (NYSE:MSC) Trading Down 5.1% - Time to Sell?

Key Points

• Studio City Ih (NYSE:MSC) stock has experienced a decline of 5.1%, trading between $4.00 and $4.13, with trading volume down 76% compared to its average.
• Weiss Ratings has reissued a "sell (d-)" rating on the stock, suggesting a generally negative outlook from analysts.
• The company operates an entertainment resort in Macau, including the Studio City Casino and various non-gaming attractions such as hotels and recreation facilities.

Studio City Ih (NYSE:MSC - Get Free Report)'s stock price traded down 5.1% during mid-day trading on Monday . The company traded as low as $4.00 and last traded at $4.13. 3,207 shares were traded during mid-day trading, a decline of 76% from the average session volume of 13,583 shares. The stock had previously closed at $4.35.

Analysts Set New Price Targets

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

Studio City Ih Price Performance

The stock has a 50 day simple moving average of $4.37 and a two-hundred day simple moving average of $3.80. The company has a market cap of $861.83 million, a price-to-earnings ratio of -11.69 and a beta of -0.14. The company has a debt-to-equity ratio of 3.62, a current ratio of 0.96 and a quick ratio of 0.92.

About Studio City Ih

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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