Studio City Ih (NYSE:MSC) Shares Down 4.8% – Time to Sell?

Studio City Ih (NYSE:MSC) dropped 4.8% during mid-day trading on Friday . The stock traded as low as $3.24 and last traded at $3.36. Approximately 2,282 shares changed hands during trading, a decline of 43% from the average daily volume of 3,976 shares. The stock had previously closed at $3.53.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Studio City Ih in a research report on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Studio City Ih Trading Up 2.0%

The business has a 50 day moving average of $3.43 and a two-hundred day moving average of $4.04. The company has a quick ratio of 0.71, a current ratio of 0.76 and a debt-to-equity ratio of 3.45.

Studio City Ih (NYSE:MSC) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.10) EPS for the quarter. Studio City Ih had a negative net margin of 9.66% and a negative return on equity of 10.34%.

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.