Studio City Ih (NYSE:MSC) Trading Up 14.7% - Time to Buy?

Key Points

• Shares jumped 14.7% intraday and last traded around $3.17 on very light volume (~1,441 shares, down about 75% from average).
• Analysts view is negative: Weiss Ratings reiterated a "sell (d-)" and the stock has an average MarketBeat rating of "Sell" (one analyst).
• The company is highly leveraged with a debt-to-equity ratio of 3.53 and negative earnings (PE -9.23), market cap ~ $602.9M, and a 50‑day moving average ($2.94) below the 200‑day ($3.43).

Shares of Studio City Ih (NYSE:MSC - Get Free Report) were up 14.7% on Friday . The stock traded as high as $2.76 and last traded at $3.1660. Approximately 1,441 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 5,844 shares. The stock had previously closed at $2.76.

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 data from MarketBeat, the stock has an average rating of "Sell".

Studio City Ih Stock Performance

The company has a debt-to-equity ratio of 3.53, a current ratio of 0.73 and a quick ratio of 0.68. The stock has a market capitalization of $602.87 million, a PE ratio of -9.23 and a beta of 0.07. The stock has a 50 day moving average of $2.94 and a two-hundred day moving average of $3.43.

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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