Studio City Ih (NYSE:MSC) Reaches New 52-Week Low – Here’s What Happened

Studio City Ih (NYSE:MSC) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $1.85 and last traded at $2.3750, with a volume of 47979 shares. The stock had previously closed at $2.31.

Studio City Ih Stock Performance

The company has a market cap of $423.55 million, a P/E ratio of -9.14 and a beta of 0.09. The firm has a 50 day moving average price of $2.46 and a 200-day moving average price of $2.91. The company has a debt-to-equity ratio of 3.03, a quick ratio of 0.21 and a current ratio of 0.23.

Studio City Ih (NYSE:MSC) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.00 earnings per share (EPS) for the quarter. Studio City Ih had a negative return on equity of 6.90% and a negative net margin of 5.68%.The company had revenue of $176.72 million during the quarter.

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.