Studio City Ih (NYSE:MSC - Get Free Report) Director Lawrence Yau Lung Ho purchased 63,552 shares of the business's stock in a transaction dated Friday, November 6th. The shares were purchased at an average price of $0.28 per share, for a total transaction of $17,794.56. Following the purchase, the director owned 463,464,152 shares of the company's stock, valued at approximately $129,769,962.56. This trade represents a 0.01% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.
Lawrence Yau Lung Ho also recently made the following trade(s):
- On Thursday, November 5th, Lawrence Yau Lung Ho acquired 8,696 shares of Studio City Ih stock. The stock was purchased at an average price of $0.26 per share, with a total value of $2,260.96.
- On Wednesday, September 23rd, Lawrence Yau Lung Ho acquired 1,043,600 shares of Studio City Ih stock. The stock was purchased at an average price of $0.20 per share, with a total value of $208,720.00.
Studio City Ih Stock Down 7.1%
NYSE:MSC opened at $0.91 on Tuesday. Studio City Ih has a 1-year low of $0.75 and a 1-year high of $4.19. The company has a 50-day moving average of $1.09 and a 200 day moving average of $2.09. The firm has a market cap of $191.90 million, a PE ratio of -3.64 and a beta of 0.15. The company has a debt-to-equity ratio of 3.70, a current ratio of 0.76 and a quick ratio of 0.72.
Studio City Ih (NYSE:MSC - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.21. The company had revenue of $163.30 million for the quarter, compared to analysts' expectations of $170.68 million. Studio City Ih had a negative net margin of 7.19% and a negative return on equity of 8.47%.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Studio City Ih in a research report on Friday, September 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Studio City Ih presently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on Studio City Ih
About Studio City Ih
(
Get Free Report)
Studio City International Holdings Limited develops and operates Studio City, an integrated resort located in Cotai, Macau. The property combines casino gaming with hospitality, entertainment, dining, retail and leisure attractions, serving visitors to Macau's tourism and gaming market.
Studio City's offerings include hotel accommodations, gaming facilities, restaurants, shops, event and entertainment venues, and family-oriented attractions. The resort was developed in phases, with the initial property opening in 2015 and additional hotel, entertainment, retail and leisure facilities added through its subsequent expansion.
Studio City International Holdings is majority-owned by Melco Resorts & Entertainment Limited and focuses primarily on the operation and continued development of its Macau integrated resort.
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