Studio City Ih (NYSE:MSC) Sees Unusually-High Trading Volume – Time to Buy?

Studio City Ih (NYSE:MSC) shares saw strong trading volume on Monday . 7,948 shares changed hands during trading, an increase of 128% from the previous session’s volume of 3,484 shares.The stock last traded at $3.12 and had previously closed at $3.00.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Studio City Ih in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Studio City Ih Price Performance

The stock’s 50-day moving average price is $3.74 and its 200 day moving average price is $4.03. The firm has a market capitalization of $606.87 million, a price-to-earnings ratio of -8.47 and a beta of -0.13. 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 posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.10) earnings per share for the quarter. Studio City Ih had a negative return on equity of 10.34% and a negative net margin of 9.66%.

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.