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

Studio City Ih (NYSE:MSC) shares gapped down before the market opened on Thursday . The stock had previously closed at $2.66, but opened at $2.50. Studio City Ih shares last traded at $2.6350, with a volume of 100 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Studio City Ih in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Studio City Ih has an average rating of “Sell”.

Studio City Ih Stock Down 3.3%

The company has a quick ratio of 0.68, a current ratio of 0.73 and a debt-to-equity ratio of 3.53. The firm has a market cap of $541.75 million, a PE ratio of -8.29 and a beta of 0.07. The firm’s 50 day moving average is $2.85 and its 200-day moving average is $3.35.

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.