Studio City International (NYSE:MSC) Upgraded at ValuEngine

ValuEngine upgraded shares of Studio City International (NYSE:MSC) from a hold rating to a buy rating in a research report report published on Tuesday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Studio City International from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Friday, September 20th.

Shares of MSC traded up $0.54 on Tuesday, reaching $19.44. The stock had a trading volume of 7,810 shares, compared to its average volume of 7,391. The firm has a market capitalization of $1.47 billion and a price-to-earnings ratio of -81.00. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.64 and a current ratio of 1.66. The company has a 50-day simple moving average of $19.38 and a 200-day simple moving average of $19.44. Studio City International has a 12-month low of $12.73 and a 12-month high of $21.22.

Studio City International (NYSE:MSC) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.12. The company had revenue of $158.10 million for the quarter. Studio City International had a return on equity of 2.77% and a net margin of 2.12%.

About Studio City International

Studio City International Holdings Ltd. is a gaming, retail and entertainment resort located in Cotai, Macau. It engages in the hospitality business and provision of gaming related services in Macau. The company was founded on August 2, 2000 and is headquartered in Hong Kong.

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